Is Lafayette, TN 37083 a buyer’s or seller’s market?
Lafayette is a balanced market. With about 5.1 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 10% of U.S. ZIP codes, and #249 of 299 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Lafayette housing market right now
In the three months ending August 31, 2026, 8% of homes in Lafayette, TN 37083 sold above their list price, the typical home went under contract in 92 days and there were 5.1 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 62 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 15%, homes sold more slowly (62 days then) and the median sale price rose 4% to $301,270. Overall, Lafayette is less competitive than a year ago, which gives buyers more room.
On our competition score, Lafayette ranks #249 of 299 TN ZIP codes with enough sales (score 17 out of 100).
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Questions about Lafayette real estate
Is Lafayette a buyer’s or seller’s market?
A balanced market: there were 5.1 months of supply in Lafayette, TN 37083 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 92 days in the latest three months.
Do homes in Lafayette sell over asking?
8% of homes sold above their original list price, and the typical sale closed at 97.5% of the list price.
What are property taxes in Lafayette?
About 0.39% of a home’s value a year in Macon County, or roughly $1,560 on a $400,000 home.
What is the median home price in Lafayette?
The median sale price was $301,270 in the three months ending August 31, 2026, about $188 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