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LAFAYETTE, LA 70508

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

Market Analysis

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

The LAFAYETTE, LA real estate market (70508) currently shows 274 active listings, with 70 pending sales. Homes are averaging 72 days on the market before going under contract.

Inventory has increased compared to last year, with 34 more homes available — giving buyers more choice.

Homes are selling faster, averaging 72 days on market compared to 88 days last year.

The median listing price has risen 5.7% year-over-year, from $341,034 to $360,499.

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: 39,962  ·  Density: 634.9/mi²  ·  Median household income: $85,006

Typical home value: $288,483  ·  Homeownership: 62.8%

Market Overview

Active Listings
274
⇧ 14.2% vs 240 last year
Pending
70
26% pending ratio
Median Price
$360,499
⇧ 5.7% vs $341,034 last year
Average Price
$615,113
⇧ 7.6% vs $571,927 last year
Days on Market
72
⇩ 18.2% vs 88 days last year

Price Per Square Foot

Median $/sqft
$199
⇧ 5.3% vs $189/sqft last year
Median Home Size
2,123 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 274 this year vs 240 last year
  • Days on market: 72 now vs 88 last year

Median & Average Pricing

Year over Year
  • Median: $360,499 (+5.7% YoY)
  • Average: $615,113 (+7.6% 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 21.7 miles — 1,080 listings ($407,293,206 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
70508Lafayette, LA 705080.0 mi269$163,752,943$357,250$608,747
70506Lafayette, LA 705064.1 mi180$44,917,380$227,519$249,541
70518Broussard, LA 705186.1 mi125$63,941,125$370,500$511,529
70555Maurice, LA 705558.4 mi51$14,885,166$259,000$291,866
70507Lafayette, LA 705078.8 mi90$27,378,720$252,250$304,208
70520Carencro, LA 7052012.2 mi84$24,924,312$239,500$296,718
70578Rayne, LA 7057814.8 mi39$13,131,729$204,750$336,711
70584Sunset, LA 7058416.6 mi30$8,314,440$252,875$277,148
70560New Iberia, LA 7056017.9 mi99$17,472,510$130,000$176,490
70541Grand Coteau, LA 7054118.3 mi5$773,500$151,500$154,700
70563New Iberia, LA 7056320.1 mi83$22,042,725$233,475$265,575
70525Church Point, LA 7052520.7 mi24$5,548,656$220,000$231,194
70551Leonville, LA 7055121.7 mi1$210,000$210,000$210,000

Frequently Asked Questions

How many homes are for sale in LAFAYETTE, LA 70508?

As of March 2026, there are 274 active listings in LAFAYETTE, LA (zip code 70508), compared to 240 the prior year.

What is the median home price in LAFAYETTE, LA 70508?

The median listing price in LAFAYETTE, LA 70508 is $360,499 as of March 2026, a 5.7% increase from $341,034 the prior year.

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

Homes in LAFAYETTE, LA 70508 spend an average of 72 days on the market before going under contract, compared to 88 days the prior year.

Is it a seller's or buyer's market in LAFAYETTE, LA 70508?

Based on current inventory and days-on-market data as of March 2026, LAFAYETTE, LA 70508 is currently a Balanced Market. Inventory has increased compared to last year, with 34 more homes available — giving buyers more choice. Homes are selling faster, averaging 72 days on market compared to 88 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 70508 save an estimated $7,210 compared to a typical 5% commission on the median listing price of $360,499. 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.