Is Lafayette County, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lafayette County has remained a Seller's Market.
Housing Prices in Lafayette County, LA
How much do homes in Lafayette County, LA cost?
Median Sold Price
$243,430
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lafayette County was $243,430 in April 2024, down 2.6% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $79.5K | $104.5K | +31.4% |
2 Bedrooms | $135K | $135K | 0.0% |
3 Bedrooms | $233.9K | $227.9K | -2.6% |
4 Bedrooms | $337.9K | $339.9K | +0.6% |
5+ Bedrooms | $557.5K | $585K | +4.9% |
Summary: Lafayette County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.4%, 2 bedroom homes did not change, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 4.9%.
Median Sold Price Compared To Nearby Counties
Acadia County | $169.5K | $183.2K | +8.1% |
Saint Landry County | $168.8K | $168.6K | -0.1% |
Saint Martin County | $215K | $210K | -2.3% |
Lafayette County | $249.9K | $243.4K | -2.6% |
Vermilion County | $192K | $172.3K | -10.2% |
Housing Supply in Lafayette County, LA
How many homes are available in Lafayette County, LA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,231 | 1,250 | +1.5% |
Summary: The Lafayette County real estate market had 1,250 homes for sale in April 2024, a 1.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 16 | 15 | -6.3% |
2 Bedrooms | 123 | 130 | +5.7% |
3 Bedrooms | 651 | 664 | +2.0% |
4 Bedrooms | 374 | 371 | -0.8% |
5+ Bedrooms | 67 | 70 | +4.5% |
Summary: The Lafayette County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.3%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 4.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
223 | 247 | +10.8% |
Asking Price vs. Sold Price
124 Homes Were Sold
Under Asking
91 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Summary: A total of 247 homes were sold or pending in Lafayette County in April 2024, up by 10.8% month-over-month. Of the 247 sold homes, 50% were sold under asking, 37% were sold at asking, and 13% were sold over asking.
Days on Market for Lafayette County, LA
How long does it take to sell a home in Lafayette County, LA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
63 Days | 67 Days | +6.3% |
Summary: Homes in Lafayette County had an average of 67 days on market in Apr 2024, up by 6.3% compared to last year.
Breakdown of Home Sale Times
132 Homes Were Sold
Under 30 Days
46 Homes Were Sold
In 30 - 90 Days
69 Homes Were Sold
Over 90 Days
Summary: During April 2024, 247 homes were sold in Lafayette County; 53% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.