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LAFAYETTE, LA 70506

Real Estate Market Report  ·  Lafayette County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The LAFAYETTE, LA real estate market (70506) currently shows 205 active listings, with 77 pending sales. Homes are averaging 66 days on the market before going under contract.

Inventory has tightened compared to last year, with 20 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 66 days on market compared to 59 days last year.

The median listing price has fallen 10% year-over-year, from $250,000 to $225,000.

Whether you are buying or selling in LAFAYETTE, LA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 39,926  ·  Density: 742.5/mi²  ·  Median household income: $53,426

Typical home value: $201,169  ·  Homeownership: 53.9%

Market Overview

Active Listings
205
⇩ 8.9% vs 225 last year
Pending
77
38% pending ratio
Median Price
$225,000
⇩ 10% vs $250,000 last year
Average Price
$258,519
⇩ 4.1% vs $269,600 last year
Days on Market
66
⇧ 11.9% vs 59 days last year

Price Per Square Foot

Median $/sqft
$135
⇩ 5.6% vs $143/sqft last year
Median Home Size
1,575 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 205 this year vs 225 last year
  • Days on market: 66 now vs 59 last year

Median & Average Pricing

Year over Year
  • Median: $225,000 (-10% YoY)
  • Average: $258,519 (-4.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 21.9 miles — 1,244 listings ($535,722,217 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
70506Lafayette, LA 705060.0 mi180$44,917,380$227,519$249,541
70508Lafayette, LA 705084.1 mi269$163,752,943$357,250$608,747
70583Scott, LA 705835.0 mi77$47,431,769$292,250$615,997
70507Lafayette, LA 705076.8 mi90$27,378,720$252,250$304,208
70592Youngsville, LA 705928.9 mi299$147,752,644$390,000$494,156
70518Broussard, LA 7051810.0 mi125$63,941,125$370,500$511,529
70584Sunset, LA 7058413.4 mi30$8,314,440$252,875$277,148
70525Church Point, LA 7052516.8 mi24$5,548,656$220,000$231,194
70516Branch, LA 7051617.8 mi2$164,850$82,425$82,425
70526Crowley, LA 7052617.9 mi46$8,670,080$165,750$188,480
70551Leonville, LA 7055119.7 mi1$210,000$210,000$210,000
70528Delcambre, LA 7052821.7 mi2$167,100$83,550$83,550
70560New Iberia, LA 7056021.9 mi99$17,472,510$130,000$176,490

Frequently Asked Questions

How many homes are for sale in LAFAYETTE, LA 70506?

As of March 2026, there are 205 active listings in LAFAYETTE, LA (zip code 70506), compared to 225 the prior year.

What is the median home price in LAFAYETTE, LA 70506?

The median listing price in LAFAYETTE, LA 70506 is $225,000 as of March 2026, a 10% decrease from $250,000 the prior year.

How long do homes stay on the market in LAFAYETTE, LA?

Homes in LAFAYETTE, LA 70506 spend an average of 66 days on the market before going under contract, compared to 59 days the prior year.

Is it a seller's or buyer's market in LAFAYETTE, LA 70506?

Based on current inventory and days-on-market data as of March 2026, LAFAYETTE, LA 70506 is currently a Balanced Market. Inventory has tightened compared to last year, with 20 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 66 days on market compared to 59 days last year.

How much can I save on real estate commission in LAFAYETTE, LA?

With SELL123.com's maximum 3% commission, sellers in LAFAYETTE, LA 70506 save an estimated $4,500 compared to a typical 5% commission on the median listing price of $225,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.