Is Lafayette, LA 70507 a buyer’s or seller’s market?

The Lafayette housing market right now

In the three months ending August 31, 2026, 7% of homes in Lafayette, LA 70507 sold above their list price, the typical home went under contract in 79 days and there were 3.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 86 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 14%, homes sold more slowly (69 days then) and the median sale price held steady to $244,894. Overall, Lafayette is less competitive than a year ago, which gives buyers more room.

Within Lafayette Parish, homes here sell more slowly than in 78% of the county’s ZIP codes, and sell less often over asking than in 67%. On our competition score, Lafayette ranks #102 of 160 LA ZIP codes with enough sales (score 22 out of 100).

Nearby, buyers who want less competition could look at Carencro 70520 (5% sold over asking), while Broussard 70518 (16% sold over asking) and Lafayette 70508 (11% sold over asking) are even more competitive.