Is West Lafayette, IN 47906 a buyer’s or seller’s market?

The West Lafayette housing market right now

In the three months ending August 31, 2026, 11% of homes in West Lafayette, IN 47906 sold above their list price, the typical home went under contract in 31 days and there were 2.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 201 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 17%, homes sold more slowly (19 days then) and the median sale price held steady to $388,832. Overall, West Lafayette is less competitive than a year ago, which gives buyers more room.

Within Tippecanoe County, homes here sell more slowly than in 78% of the county’s ZIP codes, and sell less often over asking than in 78%. On our competition score, West Lafayette ranks #199 of 306 IN ZIP codes with enough sales (score 44 out of 100).

Nearby, buyers who want less competition could look at Westpoint 47992 (0% sold over asking) or Lafayette 47901 (0% sold over asking), while Dayton 47941 (100% sold over asking) and Romney 47981 (100% sold over asking) are even more competitive.