Is Lafayette, IN 47909 a buyer’s or seller’s market?
Lafayette is a seller’s market. With about 1.7 months of supply and 29% 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.
More competitive than 80% of U.S. ZIP codes, and #26 of 306 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, 29% of homes in Lafayette, IN 47909 sold above their list price, the typical home went under contract in 11 days and there were 1.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 171 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (28% then), homes sold faster (17 days then) and the median sale price rose 3% to $299,820. Overall, Lafayette is more competitive than a year ago, so tougher for buyers.
Within Tippecanoe County, homes here sell faster than in 78% of the county’s ZIP codes, and sell more often over asking than in 67%. On our competition score, Lafayette ranks #26 of 306 IN ZIP codes with enough sales (score 75 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.
Run the numbers for 47909
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 seller’s market: there were 1.7 months of supply in Lafayette, IN 47909 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 11 days in the latest three months.
Do homes in Lafayette sell over asking?
29% of homes sold above their original list price, and the typical sale closed at 99.6% 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 $299,820 in the three months ending August 31, 2026, about $180 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