Is La Fayette, IL 61449 a buyer’s or seller’s market?
La Fayette is a seller’s market. With about 3.2 months of supply and 50% 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 La Fayette housing market right now
In the three months ending August 31, 2026, 50% of homes in La Fayette, IL 61449 sold above their list price, the typical home went under contract in 40 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 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold about as fast and the median sale price rose 309% to $89,961. Overall, La Fayette is more competitive than a year ago, so tougher for buyers.
Nearby, buyers who want less competition could look at Wyoming 61491 (0% sold over asking) or Toulon 61483 (0% sold over asking), while Bradford 61421 (100% sold over asking) is even more competitive.
Run the numbers for 61449
Nearby markets
Bradford 61421Buyer’s market $208 /sq ftToulon 61483Buyer’s market $110 /sq ftWyoming 61491Seller’s market $75 /sq ft Browse all markets →Where La Fayette is
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Questions about La Fayette real estate
Is La Fayette a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in La Fayette, IL 61449 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 La Fayette?
The typical home went under contract in 40 days in the latest three months.
Do homes in La Fayette sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 104.6% of the list price.
What are property taxes in La Fayette?
About 1.69% of a home’s value a year in Stark County, or roughly $6,760 on a $400,000 home.
What is the median home price in La Fayette?
The median sale price was $89,961 in the three months ending August 31, 2026, about $84 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