$2,639 Closing Credit*
$222,260
1,356 SqFt
3 Beds
•2 Full Baths
Saun Sullivan, Listing Office: Cicero Realty 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 November 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
$243,779
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$995(-0.4%)
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 $243,779 in November 2024, down 0.4% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $88K | $95.2K | +8.2% |
| 2 Bedrooms | $135K | $147.5K | +9.3% |
| 3 Bedrooms | $227K | $228.4K | +0.6% |
| 4 Bedrooms | $336.8K | $335K | -0.6% |
| 5+ Bedrooms | $476.5K | $592.4K | +24.3% |
Summary: Lafayette County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.2%, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 24.3%.
Median Sold Price Compared To Nearby Counties
| Acadia County | $187.7K | $192.5K | +2.5% |
| Lafayette County | $244.7K | $243.7K | -0.4% |
| Saint Landry County | $175K | $170K | -2.9% |
| Vermilion County | $182.5K | $170K | -6.8% |
| Saint Martin County | $225K | $208K | -7.6% |
Housing Supply in Lafayette County, LA
How many homes are available in Lafayette County, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,343 | 1,297 | -3.4% |
Summary: The Lafayette County real estate market had 1,297 homes for sale in November 2024, a 3.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 21 | +40.0% |
| 2 Bedrooms | 120 | 116 | -3.3% |
| 3 Bedrooms | 729 | 700 | -4.0% |
| 4 Bedrooms | 405 | 392 | -3.2% |
| 5+ Bedrooms | 74 | 68 | -8.1% |
Summary: The Lafayette County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes decreased by 4%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 8.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 237 | 211 | -11.0% |
Asking Price vs. Sold Price
100 Homes Were Sold
Under Asking
83 Homes Were Sold
At Asking
28 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. 47.4% of homes here sold below asking price last month.
Summary: A total of 211 homes were sold or pending in Lafayette County in November 2024, down by 11.0% month-over-month. Of the 211 sold homes, 47% were sold under asking, 39% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 54 Days | 62 Days | +15.9% |
Summary: Homes in Lafayette County had an average of 62 days on market in Nov 2024, up by 15.9% compared to last year.
Breakdown of Home Sale Times
105 Homes Were Sold
Under 30 Days
50 Homes Were Sold
In 30 - 90 Days
56 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 November 2024, 211 homes were sold in Lafayette County; 50% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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