Is Lafayette, OR 97127 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, OR 97127 sold above their list price, the typical home went under contract in 45 days and there were 4.9 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 15 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 28%, homes sold more slowly (38 days then) and the median sale price fell 1% to $469,797. Overall, Lafayette is less competitive than a year ago, which gives buyers more room.

Within Yamhill County, homes here sell more slowly than in 56% of the county’s ZIP codes, and sell less often over asking than in 89%. On our competition score, Lafayette ranks #123 of 170 OR ZIP codes with enough sales (score 37 out of 100).

Nearby, buyers who want less competition could look at Yamhill 97148 (0% sold over asking), while Sheridan 97378 (36% sold over asking) and Dundee 97115 (29% sold over asking) are even more competitive.