Is Lafayette, AL 36862 a buyer’s or seller’s market?
Lafayette is a seller’s market. With about 3.2 months of supply and 14% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Lafayette housing market right now
In the three months ending August 31, 2026, 14% of homes in Lafayette, AL 36862 sold above their list price, the typical home went under contract in 191 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 7 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 18%, homes sold more slowly (81 days then) and the median sale price rose 3% to $199,913. Overall, Lafayette is less competitive than a year ago, which gives buyers more room.
Within Chambers County, homes here sell more slowly than in any other ZIP code in the county, and sell more often over asking than in 80%.
Nearby, buyers who want less competition could look at Waverly 36879 (0% sold over asking) or Five Points 36855 (0% sold over asking), while Valley 36854 (19% sold over asking) is even more competitive.
Run the numbers for 36862
Nearby markets
Cusseta 36852Balanced $168 /sq ftFive Points 36855Buyer’s market $229 /sq ftLanett 36863Seller’s market $118 /sq ftValley 36854Balanced $167 /sq ft Browse all markets →Towns like Lafayette nearby
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Questions about Lafayette real estate
Is Lafayette a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Lafayette, AL 36862 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Lafayette?
The typical home went under contract in 191 days in the latest three months.
Do homes in Lafayette sell over asking?
14% of homes sold above their original list price, and the typical sale closed at 95.9% of the list price.
What are property taxes in Lafayette?
About 0.39% of a home’s value a year in Chambers County, or roughly $1,560 on a $400,000 home.
What is the median home price in Lafayette?
The median sale price was $199,913 in the three months ending August 31, 2026, about $133 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology