$3,206 Closing Credit*
$270,000
1,684 SqFt
4 Beds
•2 Full Baths
Lindsey Reed, Listing Office: Real Broker, LLC
Is Lafayette County, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Lafayette County was a Seller's Market.
Key Takeaway
Lafayette County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Lafayette County, LA
How much do homes in Lafayette County, LA cost?
Median Sold Price
$244,625
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$367(+0.2%)
Key Takeaway
The sold price of homes in Lafayette County has remained the same since last year.
Summary: The median home sold price in Lafayette County was $244,625 in December 2024, up 0.2% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $86.5K | $92K | +6.4% |
| 2 Bedrooms | $135K | $140K | +3.7% |
| 3 Bedrooms | $229.1K | $228.3K | -0.3% |
| 4 Bedrooms | $339.8K | $331.3K | -2.5% |
| 5+ Bedrooms | $504.4K | $610K | +20.9% |
Summary: Lafayette County housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.4%, 2 bedroom homes increased by 3.7%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 20.9%.
Median Sold Price Compared To Nearby Counties
| Saint Landry County | $172.5K | $174.3K | +1.1% |
| Lafayette County | $244.2K | $244.6K | 0.2% |
| Acadia County | $192.6K | $189K | -1.9% |
| Vermilion County | $180K | $173K | -3.9% |
| Saint Martin County | $222.5K | $200K | -10.1% |
Housing Supply in Lafayette County, LA
How many homes are available in Lafayette County, LA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 1,263 | 1,188 | -5.9% |
Summary: The Lafayette County real estate market had 1,188 homes for sale in December 2024, a 5.9% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 20 | 17 | -15.0% |
| 2 Bedrooms | 107 | 109 | +1.9% |
| 3 Bedrooms | 684 | 632 | -7.6% |
| 4 Bedrooms | 387 | 369 | -4.7% |
| 5+ Bedrooms | 65 | 61 | -6.2% |
Summary: The Lafayette County housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 15%, 2 bedroom homes increased by 1.9%, 3 bedroom homes decreased by 7.6%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes decreased by 6.2%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 216 | 176 | -18.5% |
Asking Price vs. Sold Price
87 Homes Were Sold
Under Asking
73 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lafayette County, you may be able to get a good deal. 49.4% of homes here sold below asking price last month.
Summary: A total of 176 homes were sold or pending in Lafayette County in December 2024, down by 18.5% month-over-month. Of the 176 sold homes, 49% were sold under asking, 41% were sold at asking, and 9% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 55 Days | 72 Days | +31.8% |
Summary: Homes in Lafayette County had an average of 72 days on market in Dec 2024, up by 31.8% compared to last year.
Breakdown of Home Sale Times
73 Homes Were Sold
Under 30 Days
53 Homes Were Sold
In 30 - 90 Days
50 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lafayette County are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 176 homes were sold in Lafayette County; 41% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
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