Lafayette LA Real Estate Market Trends & Home Values

Lafayette

Lafayette, LA Home Values & Market Trends

Real estate market trends reflect that there have been 1,845 transactions over the past year in Lafayette. The median value for residential home transactions that occurred over the previous year is $248,988. The number of current listings in Lafayette is 283, and the percentage of properties for sale in the city is 283.00%. Lafayette, LA currently has 71 properties in foreclosure, 15 bank owned properties, 34 properties headed for auction, and 283 properties for sale.

Lafayette, LA Real Estate Market Overview

Zip	Median Est. Value	Zip	Median Est. Value
70506	$ 231,000 $ 129/sqft	70501	$ 140,690 $ 111/sqft
70508	$ 277,413 $ 159/sqft	70507	$ 229,900 $ 115/sqft
70503	$ 290,000 $ 137/sqft

Zip

Median Est. Value

Zip

Median Est. Value

70506

$ 231,000

$ 129/sqft

70501

$ 140,690

$ 111/sqft

70508

$ 277,413

$ 159/sqft

70507

$ 229,900

$ 115/sqft

70503

$ 290,000

$ 137/sqft

Housing Market Summary for Lafayette, LA

	Mar 2024	February 2025	Change
Median Listing Price	$250K	$259K	3.60%
Median Sold Price	$199.1K	$215.8K	8.43%
Homes For Sale	168	253	50.60%
Homes Sold	823	891	8.26%

Price

$/Sqft

Homes For Sale

0

Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

0

Recently Sold Homes

Explore recent offers and recently sold homes in Lafayette, LA

Recently Sold

$150,450

Sold Price

22,429 sqft lot

2514 Robley Dr, Lafayette, LA 70503

Recently Sold

$247,765

Sold Price

6,098 sqft lot

120 Resthaven Way, Lafayette, LA 70506

Recently Sold

$193,205

Sold Price

1,270 sqft

14,113 sqft lot

100 Durke Rd, Lafayette, LA 70508

Browse Homes in Lafayette, LA

Lafayette home values range from $26,060 to $4,266,568. The median estimated value of a home in Lafayette is $248,988. The median list price of a home is 249,900, and the total count of properties in the city is 1,239.

Foreclosure

There are 5 zips within Lafayette, LA; within these zips, the median estimated home value for homes in foreclosure ranges from $540,903 in 70501 to the lowest value of $44,975 in 70501. Foreclosure homes account for 5.00% of properties in Lafayette, LA with 70501 containing 18 foreclosures, the highest number of foreclosure properties in a single zip.

Pre-Foreclosure
Pre-foreclosure homes account for 1.78% of all residential properties in Lafayette, LA with 70507 containing 6 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 5 zips within Lafayette, LA; of those zips, the estimated home value for pre-foreclosure homes ranges from $260,130 in 70508 to the lowest home value of $44,975 in 70501.
Bank Owned
The median estimated home value of bank owned homes (REO properties) in Lafayette, LA ranges from the highest value of $489,981 in 70508 to the lowest value of $45,254 in 70506. Bank owned homes and properties account for 1.21% of properties in Lafayette, LA. There are 5 zips within Lafayette, LA; 70506 containing 6 REO properties, has the highest number of bank owned properties in a single zip.
Auctions
70507 has 9 auction properties, the highest number of properties going to auction in a single zip in the state of Lafayette, LA. Auction homes and other auction properties account for 2.74% of all properties in Lafayette, LA. There are 5 zips within Lafayette, LA; of those zips, the median estimated home value for homes going to auction ranges from $236,363 in 70508 to the lowest value of $73,848 in 70508.

Homes for Sale

Homes and properties that are actively listed for sale account for 22.84% of residential properties in Lafayette, LA with 70506 containing 86 homes for sale, the highest number of listed properties in a single zip. There are 5 zips within Lafayette, LA; homes for sale in those zips, have a range of median values from $2,514,066 in 70503 to the lowest value of $44,156 in 70507.

Sold Homes

The median value for recently sold homes ranges from $4,048,684 in 70508 to the lowest price of $26,060 in 70508. There are 5 zips within Lafayette, LA. 70508 has 230 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 65.70% of properties in Lafayette, LA.

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