Is Lafayette, IN 47901 a buyer’s or seller’s market?
Lafayette is a balanced market. With about 4.4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Lafayette housing market right now
In the three months ending August 31, 2026, 0% of homes in Lafayette, IN 47901 sold above their list price, the typical home went under contract in 27 days and there were 4.4 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. With only 8 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (43 days then) and the median sale price fell 8% to $299,870. Overall, Lafayette is more competitive than a year ago, so tougher for buyers.
Within Tippecanoe County, homes here sell more slowly than in 67% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Dayton 47941 (100% sold over asking) and Romney 47981 (100% sold over asking) are even more competitive.
Run the numbers for 47901
Nearby markets
Battle Ground 47920Seller’s market $151 /sq ftBuck Creek 47924 — /sq ftClarks Hill 47930 $135 /sq ftDayton 47941Buyer’s market $146 /sq ft Browse all markets →Towns like Lafayette nearby
Find towns like Lafayette in other states →Where Lafayette is
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Questions about Lafayette real estate
Is Lafayette a buyer’s or seller’s market?
A balanced market: there were 4.4 months of supply in Lafayette, IN 47901 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 27 days in the latest three months.
Do homes in Lafayette sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.1% of the list price.
What are property taxes in Lafayette?
About 0.62% of a home’s value a year in Tippecanoe County, or roughly $2,480 on a $400,000 home.
What is the median home price in Lafayette?
The median sale price was $299,870 in the three months ending August 31, 2026, about $144 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