Is Lafayette, LA 70503 a buyer’s or seller’s market?
Lafayette is a balanced market. With about 4.7 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 20% of U.S. ZIP codes, and #86 of 160 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, 6% of homes in Lafayette, LA 70503 sold above their list price, the typical home went under contract in 37 days and there were 4.7 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 91 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 10%, homes sold faster (55 days then) and the median sale price fell 18% to $239,896. Overall, Lafayette is about as competitive as it was a year ago.
Within Lafayette Parish, homes here sell faster than in 89% of the county’s ZIP codes, and sell less often over asking than in 78%. On our competition score, Lafayette ranks #86 of 160 LA ZIP codes with enough sales (score 25 out of 100).
Nearby, Broussard 70518 (16% sold over asking) and Lafayette 70508 (11% sold over asking) are even more competitive.
Run the numbers for 70503
Nearby markets
Broussard 70518Balanced $154 /sq ftCarencro 70520Balanced $145 /sq ftDuson 70529Seller’s market $137 /sq ftLafayette 70501Balanced $79 /sq ft Browse all markets →Towns like Lafayette nearby
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Questions about Lafayette real estate
Is Lafayette a buyer’s or seller’s market?
A balanced market: there were 4.7 months of supply in Lafayette, LA 70503 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 37 days in the latest three months.
Do homes in Lafayette sell over asking?
6% of homes sold above their original list price, and the typical sale closed at 97.2% of the list price.
What are property taxes in Lafayette?
About 0.57% of a home’s value a year in Lafayette Parish, or roughly $2,280 on a $400,000 home.
What is the median home price in Lafayette?
The median sale price was $239,896 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