Last week, Curbed New Orleans and NeighborhoodX evaluated home prices in the Marigny, Irish Channel and Bywater neighborhoods. This week, NeighborhoodX, a real estate research and analytics firm, evaluated one of New Orleans most historical and architecturally relevant neighborhoods: the Garden District.
The average price per square foot for homes in the Garden District is $375, which excludes one outlying property. The most inexpensive house when considering square footage is 3101 Prytania Street, which is a 2,817 square foot townhouse at $244 per square foot. On the more expensive end of the spectrum is 1448 Fourth street, a 9,800 square foot mansion priced at $500 per square foot.
"The outlier that we excluded above is the Robinson Mansion at 1415 Third Street. While it is asking $665/square foot, it has been listed for over 500 days (and asking $7.95 million or $760 per square foot) which suggests that there may still be a mis-match between the asking price and the market," said Constantine Valhouli, cofounder of NeighborhoodX.
"In addition, on a per-square-foot basis the asking price is 33 percent higher than the next highest priced property in the neighborhood,“ he added.
To learn more about housing statistics in the Garden District, check out the interactive graph created by NeighborhoodX below.
- Pricing homes in the Marigny neighborhood [Curbed NOLA]
- Irish Channel Real Estate: Price range comparison to the French Quarter [Curbed NOLA]
- Evaluating the French Quarter neighborhood price range [Curbed NOLA]