Algiers Real Estate: Info, Prices and Search Service
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Algiers Real Estate

Algiers Real Estate Snapshot

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  • Literally a city within a city, Algiers is located on the west bank of the Mississippi River and is part of Orleans Parish.
  • Algiers Point is a secluded neighborhood with Victorian cottages dating back to the late 1800's giving a feeling of old New Orleans. From here, you can commute across the river to downtown New Orleans on the Algiers Ferry which docks near the foot of Canal Street.
  • Further south is Lower Algiers. It has a suburban air in many of its sections, there are several golf course developments and many houses offer large lots and neighborhood amenities.
  • Most of the residential properties in Algiers are single family homes.

Fun Facts

  • In 1719, a French nobleman received a land grant covering the present site of Algiers, and he started a plantation.
  • Some call 1719 the founding date of Algiers, but development as a city really began around 1800.
  • In the early 1800s, a large slaughterhouse operated in Algiers, and the area was called Slaughterhouse Point.
  • The name Algiers is thought to come from the city's proximity to New Orleans, much like that of Algeria with France.
  • Algiers Point lies directly across the Mississippi River from the French Quarter, and the Algiers Ferry has connected the two communities since 1827.
  • Algiers was incorporated as a city in 1840 and was annexed by New Orleans in 1870. That arrangement remains.

Recent Algiers Real Estate Prices

Homes Listed in Very Good or Better Condition
Sold Between January 1, 2010 and June 30, 2010

  Average
Price		 Maximum
Price		 Minimum
Price		 Average
$/SqFt
 Maximum
$/SqFt		 Minimum
$/SqFt		 Number
Sold
Single Family Homes $182,357 $430,000 $75,000 $88 $148 $49 84
Multi-Family Homes $196,000 $196,000 $196,000 $106 $106 $106 1
Condos $96,000 $96,000 $96,000 $72 $72 $72 1

Yearly Average Sales Prices of Algiers Homes

Single Family Homes Listed in Very Good or Better Condition
January 1, 1994 through June 30, 2010

Metro New Orleans Homes: Algiers home prices chart

Algiers Real Estate Prices - Single Family Homes

Year Very Good or Better Condition Poor to Average Condition All Sales
Average $/SqFt #Sold Average $/SqFt #Sold Average $/SqFt #Sold
1994 $111,032 $50 359 $54,337 $33 71 $101,670 $47 430
1995 $114,984 $52 351 $52,212 $34 117 $99,291 $47 468
1996 $112,114 $53 343 $51,215 $34 90 $99,456 $49 433
1997 $122,770 $55 371 $60,754 $39 105 $109,090 $52 476
1998 $125,887 $58 419 $73,651 $42 94 $116,316 $55 513
1999 $133,151 $63 377 $76,720 $43 108 $120,585 $59 485
2000 $140,964 $64 359 $72,714 $46 110 $124,957 $60 469
2001 $144,045 $68 356 $73,361 $45 106 $127,827 $63 462
2002 $145,913 $71 390 $81,407 $48 102 $132,540 $66 492
2003 $152,746 $76 381 $80,406 $50 115 $135,974 $70 496
2004 $168,552 $86 374 $85,712 $56 99 $151,213 $80 473
2005 $177,927 $91 389 $103,358 $66 77 $165,605 $87 466
2006 $192,223 $95 548 $106,465 $63 84 $180,825 $91 632
2007 $195,313 $97 325 $102,012 $62 84 $176,151 $90 409
2008 $184,978 $93 208 $78,679 $48 109 $148,427 $77 317
2009 $179,451 $86 172 $85,981 $48 102 $144,656 $72 274
2010 through 06/30 $182,357 $88 84 $72,780 $43 57 $138,060 $70 141

Algiers Real Estate Prices - Condos

Year Very Good or Better Condition Poor to Average Condition All Sales
Average $/SqFt #Sold Average $/SqFt #Sold Average $/SqFt #Sold
1994 $39,707 $32 14 $26,333 $27 3 $37,347 $31 17
1995 $47,630 $38 17 $24,275 $25 4 $43,182 $35 21
1996 $52,580 $45 25 $31,233 $27 6 $48,448 $41 31
1997 $46,943 $41 21 $33,571 $28 7 $43,600 $38 28
1998 $49,074 $40 19 $49,833 $41 3 $49,177 $40 22
1999 $76,839 $72 23 $34,828 $32 9 $65,024 $61 32
2000 $56,650 $47 19 $39,450 $39 2 $55,012 $47 21
2001 $77,987 $59 15 $51,313 $51 8 $68,709 $56 23
2002 $49,488 $46 8 $44,220 $44 5 $47,462 $45 13
2003 $77,439 $63 31 $39,923 $42 13 $66,354 $57 44
2004 $67,575 $59 26 $31,500 $44 5 $61,756 $57 31
2005 $70,653 $61 15 $54,900 $52 6 $66,152 $59 21
2006 $95,818 $80 30 $57,000 $56 5 $90,273 $77 35
2007 $106,444 $94 18 $74,000 $75 3 $101,810 $91 21
2008 $106,688 $92 8 $39,000 $60 1 $99,167 $88 9
2009 $58,333 $62 3 $70,000 $66 1 $61,250 $63 4
2010 through 06/30 $96,000 $72 1 $24,633 $24 3 $42,475 $36 4

Algiers Real Estate Prices - Multi-family Homes

Year Very Good or Better Condition Poor to Average Condition All Sales
Average $/SqFt #Sold Average $/SqFt #Sold Average $/SqFt #Sold
1994 $77,188 $32 8 $32,500 $16 40 $39,948 $19 48
1995 $94,708 $34 12 $32,557 $15 43 $46,117 $19 55
1996 $101,450 $41 14 $40,949 $18 36 $57,889 $24 50
1997 $101,705 $42 19 $41,024 $23 37 $61,613 $29 56
1998 $111,808 $45 13 $53,036 $24 29 $71,228 $31 42
1999 $107,556 $51 16 $65,926 $29 43 $77,216 $35 59
2000 $116,313 $51 23 $65,809 $33 41 $83,959 $39 64
2001 $135,674 $54 23 $73,475 $34 33 $99,021 $42 56
2002 $126,744 $63 8 $68,363 $36 24 $82,958 $42 32
2003 $157,367 $62 12 $82,551 $44 27 $105,571 $50 39
2004 $200,360 $82 25 $106,546 $46 24 $154,410 $64 49
2005 $193,822 $82 18 $114,525 $52 13 $160,569 $69 31
2006 $186,756 $90 25 $137,167 $64 9 $173,629 $83 34
2007 $217,988 $93 15 $123,382 $59 17 $167,729 $75 32
2008 $252,200 $104 10 $101,098 $53 16 $159,214 $73 26
2009 $239,000 $84 9 $85,223 $45 13 $148,132 $61 22
2010 through 06/30 $196,000 $106 1 $90,978 $39 9 $101,480 $46 10

New Orleans Westbank Map

Algiers Point is in MLS Area 48 and Lower Algiers is in MLS Area 49

New Orleans Westbank Map

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A few notes about the pricing data:

  • All the sales information comes from the database of homes listed as sold by the Gulf South Real Estate Information Network.
  • The information is entered by many hundreds of listing agents and brokers, so we consider the data to be generally accurate but do not and cannot guarantee that it is exactly accurate.
  • These charts and tables should be regarded as general guides to trends in Metro New Orleans real estate and not as specific recommendations on the worth of individual homes. Each situation has its own variables, and it pays to have an experienced professional to determine the market value of any property prior to undertaking a transaction.
  • Multi-family homes used in this study contain four or fewer units.

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