New - 18 minutes on Rocket
$4,156 Closing Credit¹
Robyn Wells, Listing Office: Parish Realty Acadiana
Lafayette Housing Market Report December 2024•Lafayette County, Louisiana
Housing Prices in Lafayette, LA
How much do homes in Lafayette, LA cost?
Housing Market Conditions
Is Lafayette, LA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Lafayette is a Neutral Market
Difference Since December 2023
At the same time last year, Lafayette was a Seller's Market.
Insight
Lafayette is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Median Sold Price
$234,994$140/SqFt
-$4,163
-1.7%
Based on all homes sold in the last 12 months
Insight
Homes in Lafayette have sold for 1.7% less than they did a year ago.
Summary: The median home sold price in Lafayette was $234,994 in December 2024, down 1.7% from last year, and the median price per square foot was $140.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Broussard | $290.6K | $300K | +3.2% |
| Scott | $229K | $225K | -1.7% |
| Lafayette | $239.1K | $234.9K | -1.7% |
| Carencro | $219.2K | $212.2K | -3.2% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $82.5K | $82.5K | 0.0% |
| 22 Bedrooms | $132.5K | $140K | +5.7% |
| 33 Bedrooms | $224.2K | $218.4K | -2.6% |
| 44 Bedrooms | $325K | $325K | 0.0% |
| 55+ Bedrooms | $522.5K | $662K | +26.7% |
Summary: Lafayette housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +5.7%. The home price for 3 bedroom homes decreased by -2.6%. The home price for 4 bedroom homes decreased by 0.0%. The home price for 5 bedroom homes increased by +26.7%.
Housing supply in Lafayette, LA
How many homes are available in Lafayette, LA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 713Last MonthDec 2024 | ||
| 7502 months agoNov 2024 | -4.9 % Change MoMNov – Dec |
Summary: The Lafayette real estate market had 713 homes for sale in Dec 2024, a 4.9 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 105Last MonthDec 2024 | ||
| 1332 months agoNov 2024 | -21.1 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 18 | 17 | -5.6% |
| 22 Bedrooms | 92 | 92 | 0.0% |
| 33 Bedrooms | 368 | 352 | -4.3% |
| 44 Bedrooms | 222 | 207 | -6.8% |
| 55+ Bedrooms | 50 | 45 | -10.0% |
Summary: Lafayette housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -5.6%. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -4.3%. The inventory for 4 bedroom homes decreased by -6.8%. The inventory for 5 bedroom homes decreased by -10.0%.
Asking Price vs. Sold Price
How much do homes in Lafayette, LA cost?
Over Asking Price10 Homes
At Asking Price34 Homes
Under Asking Price61 Homes
Insight
If you're buying a home in Lafayette, you may be able to get a good deal. 58.1% of homes here sold below asking price last month.
Summary: A total of 105 homes were sold or pending in Lafayette in December 2024, down by 21.1% month-over-month. Of the 105 sold homes, 58% were sold under asking, 32% were sold at asking, and and 10% were sold over asking.
Days on Market for Lafayette, LA
How long does it take to sell a home in Lafayette, LA?
Breakdown of Home Sale Times
Under 30 Days45 Homes
30 – 90 Days32 Homes
Over 90 Days28 Homes
Insight
Many homes in Lafayette are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 105 homes were sold in Lafayette; 43% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 68 DaysThis YearDec 2024 | ||
| 54 Days1 year agoDec 2023 | +23.8 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Lafayette had an average listing age of 68 days in Dec 2024, up by 23.8% compared to the previous year.
Connect With An Agent
Local real estate agents are ready to help you find a home here
Sell My Home
Sell your home with an expert or get the job done on your own.
Get Approved
Get a customizable mortgage solution based on today's rates.
Newest Listings in Lafayette, LA
What homes are available in Lafayette, LA?
New - 45 minutes on Rocket
$3,313 Closing Credit¹
Dennis Jones, Listing Office: Keller Williams Realty Acadiana
New - 2 hours on Rocket
$5,926 Closing Credit¹
Walter R Campbell, Listing Office: Keller Williams Realty Acadiana
New - 3 hours on Rocket
$4,708 Closing Credit¹
Brandon Landry, Listing Office: EXP Realty, LLC
New - 3 hours on Rocket
$4,980 Closing Credit¹
Brandon Landry, Listing Office: EXP Realty, LLC
New - 5 hours on Rocket
$2,553 Closing Credit¹
Tesha R Duhon, Listing Office: Strada Realty
New - 5 hours on Rocket
$0 Closing Credit¹
Debi A Smith, Listing Office: Gateway Realty, Inc.
New - 5 hours on Rocket
$3,324 Closing Credit¹
Philip A Devey, Listing Office: Frontline Real Estate Group
New - 19 hours on Rocket
$3,918 Closing Credit¹
Lindsey Reed, Listing Office: Real Broker, LLC
New - 23 hours on Rocket
Rose Chaisson, Listing Office: Latter & Blum Compass
New - 23 hours on Rocket
$1,639 Closing Credit¹
Emily Babineaux, Listing Office: Keaty Real Estate Team
New - 1 day on Rocket
Rachel Capritto, Listing Office: Parish Realty Acadiana
Nearby markets
Nearby markets aren't available for Lafayette, LA
Popular Cities with Homes for Sale in Louisiana
- Homes for sale in Belle Chasse, LA
- Homes for sale in Bossier City, LA
- Homes for sale in Chalmette, LA
- Homes for sale in Covington, LA
- Homes for sale in Destrehan, LA
- Homes for sale in Gretna, LA
- Homes for sale in Hammond, LA
- Homes for sale in Harvey, LA
- Homes for sale in Haughton, LA
- Homes for sale in Kenner, LA
- Homes for sale in Lafayette, LA
- Homes for sale in Mandeville, LA
- Homes for sale in Marrero, LA
- Homes for sale in Metairie, LA
- Homes for sale in Minden, LA
- Homes for sale in New Iberia, LA
- Homes for sale in New Orleans, LA
- Homes for sale in Opelousas, LA
- Homes for sale in Ponchatoula, LA
- Homes for sale in Shreveport, LA
- Homes for sale in Slidell, LA
MLS Disclaimers and Copyright
Based on information from Acadiana MLS, and ROAM MLS for the period 01/01/2023 - 01/01/2025
The data relating to real estate for sale on this web site comes in part from the IDX Program of the REALTORS® Association of Acadiana’s MLS. Real Estate listings held by other brokerage firms are marked with the MLS approved icon for IDX. The materials contained within this page may not be reproduced without the express written consent of The Realtor® Association of Acadiana. The information contained within this page is for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but is not guaranteed and should be verified by personal inspection or with the appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. The materials contained within this page may not be reproduced without the express written consent of this broker. Some real estate firms do not participate in Internet Data Exchange® and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Some or all of the listings displayed may not belong to the firm whose web site is being visited. Copyright 2025 the REALTORS® Association of Acadiana. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Disclaimer: Copyright © 2025, New Orleans Metropolitan Association of REALTORS©, Inc. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency, and status of all information. The sharing of MLS database, or any portion thereof, with any unauthorized third party is strictly prohibited. Information contained on this site is believed to be reliable; yet, users of this web site are responsible for checking the accuracy, completeness, currency, or suitability of all information. Neither the New Orleans Metropolitan Association of REALTORS©, Inc. nor the Gulf South Real Estate Information Network, Inc. makes any representation, guarantees, or warranties as to the accuracy, completeness, currency, or suitability of the information provided. They specifically disclaim any and all liability for all claims or damages that may result from providing information to be used on the web site, or the information which it contains, including any web sites maintained by third parties, which may be linked to this web site. The information being provided is for the consumer's personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties which consumers may be interested in purchasing.
By using this site, you signify your agreement with and acceptance of these terms and conditions. If you do not accept this policy, please do not use this site in any way. Your continued use of this site, and/or its affiliates' sites, following the posting of changes to these terms will mean you accept those changes, regardless of whether you are provided with additional notice of such changes.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.