Prices, inventory, and demand — distilled every month into one clear verdict: buyer’s market or seller’s. The investor’s read, before you make an offer.
Only on the right house. Neither side has the upper hand in Lafayette right now.
Neither side has the upper hand in Lafayette. Buyers and sellers are evenly matched. The market will not hand you a discount. You have to find it in one specific listing.
About as many homes are under contract as are sitting unsold. Neither side is desperate. Your room to negotiate depends on the listing, not the market. About 1 in 5 sellers has already dropped their price. Each one has learned their first price was too high. Start below their new price, not their old one.
A typical Lafayette home takes 38 days to find a buyer. Half of them take even longer. That is 19% slower than a year ago. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago. There are 159 homes for sale in Lafayette. That is 4.4 times the tightest month on record, but below the peak of 377. Supply is growing against last year.
Asking prices are 11.0% below their Apr 2023 peak. You are not buying at the top. Prices are rising again. Every month you wait costs money. The question is no longer when. It is which house. Lafayette prices have risen in 102 of the last 108 months. Drops here have been short and shallow. Buying in a slow month has rarely hurt a long hold.
This market is turning. Which way is not settled yet. Check the monthly numbers above before you commit.
In Lafayette, 43 out of every 100 households rent. That is nearly half. The renter share is growing. Five years ago it was 42 in 100. Just 4.8% of homes sit empty. A well-priced rental fills fast here.
The median Lafayette household earns $63,437 a year. Incomes here have grown 2.9% a year since 2019. Home prices have outrun incomes. Locals are being priced out. A typical home costs 5.7 times the median income. Most locals cannot buy. That keeps rental demand deep. It also caps the rent they can pay. A tenant on the median income can pay about $1,586 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast.
Only on the right house. Neither side has the upper hand in Lafayette right now. 1.01 out of every 100 homes for sale have a buyer, 19% of sellers have cut their price, and a typical home takes 38 days to sell.
Asking prices are 11.0% below their Apr 2023 peak. You are not buying at the top. Prices are rising again. Every month you wait costs money. The question is no longer when. It is which house.
+7.7%/yr. 1 year: +9.3% · 5 years: +8.3% · ten years: +7.7%. The five-year and ten-year rates agree. That is a durable trend, not a boom artifact. It is a fair long-run input. Measure growth per square foot, not on the median. The median moves when the mix of listed homes moves. Your house does not. The one-year rate is a timing signal. It is not an underwriting input.
A typical Lafayette home takes 38 days to find a buyer. Half of them take even longer. That is 19% slower than a year ago. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago.
In Lafayette, 43 out of every 100 households rent. That is nearly half. The renter share is growing. Five years ago it was 42 in 100. Just 4.8% of homes sit empty. A well-priced rental fills fast here.
A tenant on the median income can pay about $1,586 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast. The median Lafayette household earns $63,437 a year.
Closest matches on asking price, price per square foot, days to sell, buyer demand, and price cuts.
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