Name: Homes Sold — ZIP 70116 Multi-Family (2-4 Unit), March 31, 2026
Creator: Range Ranger
Published: 2026-03-31
License: https://redfin.com/news/data-center

Question 1

How many homes sold in New Orleans (70116) in the last 90 days?

Accepted Answer

15 Multi-Family (2-4 Unit) homes closed in ZIP 70116 during the 90-day period ending 2026-03-31, based on Redfin closed sale data.

Question 2

What does homes sold volume tell a seller about the 70116 market?

Accepted Answer

The number of closed sales in a market reflects how actively buyers are transacting. In ZIP 70116, 15 Multi-Family (2-4 Unit) homes closed in the 90-day period ending 2026-03-31. Higher volume means more buyer activity in that period; lower volume means fewer completed transactions. This is a count of closed sales — not pending or listed properties.

Question 3

How is the homes sold count in 70116 calculated?

Accepted Answer

The homes sold count for ZIP 70116 is the total number of Multi-Family (2-4 Unit) sale transactions that closed during the 90-day period ending 2026-03-31. It counts only closed transactions recorded by Redfin — not active listings, pending contracts, or withdrawn properties.

Question 4

Is the number of homes sold in 70116 higher or lower than last year?

Accepted Answer

Closed sales volume for Multi-Family (2-4 Unit) homes in ZIP 70116 is up 400.0% compared to the same 90-day period one year ago, as of March 31, 2026. A rising count means more buyer transactions closed in that period; a falling count means fewer.

Question 5

How does the homes sold count in 70116 compare to pending sales?

Accepted Answer

In ZIP 70116, 15 Multi-Family (2-4 Unit) homes closed and 16 were pending during the 90-day period ending 2026-03-31. Closed sales reflect completed transactions; pending sales reflect contracts signed but not yet closed. Together they provide a picture of both current and near-term buyer activity.

Question 6

How does the homes sold count relate to active inventory in 70116?

Accepted Answer

In ZIP 70116, 15 Multi-Family (2-4 Unit) homes closed while 46 were active in inventory during the 90-day period ending 2026-03-31. Comparing closed volume to active inventory gives a rough sense of market absorption — how quickly available supply is being converted to closed sales. This is market-level context derived from closed transaction data — not a months-of-supply calculation.

15 homes sold in 70116 in the last 90 days, up 400.0% from last year.