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LAFAYETTE, LA 70508

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The LAFAYETTE, LA real estate market (70508) currently shows 269 active listings, with 61 pending sales. Homes are averaging 77 days on the market before going under contract.

Inventory has increased compared to last year, with 30 more homes available — giving buyers more choice.

Homes are selling faster, averaging 77 days on market compared to 108 days last year.

The median listing price has risen 4.9% year-over-year, from $340,417 to $357,250.

Whether you are buying or selling in LAFAYETTE, LA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 39,962  ·  Density: 634.9/mi²  ·  Median household income: $85,006

Typical home value: $288,483  ·  Homeownership: 62.8%

Market Overview

Active Listings
269
⇧ 12.6% vs 239 last year
Pending
61
23% pending ratio
Median Price
$357,250
⇧ 4.9% vs $340,417 last year
Average Price
$608,747
⇧ 12.3% vs $541,875 last year
Days on Market
77
⇩ 28.7% vs 108 days last year

Price Per Square Foot

Median $/sqft
$197
⇧ 3.7% vs $190/sqft last year
Median Home Size
2,098 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 269 this year vs 239 last year
  • Days on market: 77 now vs 108 last year

Median & Average Pricing

Year over Year
  • Median: $357,250 (+4.9% YoY)
  • Average: $608,747 (+12.3% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 21.3 miles — 1,081 listings ($431,717,946 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
70508Lafayette, LA 705080.0 mi264$151,393,176$374,990$573,459
70506Lafayette, LA 705064.1 mi177$44,293,188$227,000$250,244
70518Broussard, LA 705186.1 mi118$60,657,074$371,000$514,043
70555Maurice, LA 705558.4 mi49$14,794,864$274,000$301,936
70507Lafayette, LA 705078.8 mi95$26,444,390$240,000$278,362
70583Scott, LA 705839.0 mi77$47,291,398$288,700$614,174
70582Saint Martinville, LA 7058214.6 mi50$11,268,200$170,000$225,364
70517Breaux Bridge, LA 7051716.5 mi80$26,972,080$264,750$337,151
70533Erath, LA 7053317.4 mi15$2,889,255$155,000$192,617
70528Delcambre, LA 7052818.3 mi2$194,800$97,400$97,400
70512Arnaudville, LA 7051218.8 mi23$8,224,938$255,000$357,606
70510Abbeville, LA 7051020.6 mi93$30,062,157$182,450$323,249
70526Crowley, LA 7052621.3 mi38$7,232,426$152,500$190,327

Frequently Asked Questions

How many homes are for sale in LAFAYETTE, LA 70508?

As of February 2026, there are 269 active listings in LAFAYETTE, LA (zip code 70508), compared to 239 the prior year.

What is the median home price in LAFAYETTE, LA 70508?

The median listing price in LAFAYETTE, LA 70508 is $357,250 as of February 2026, a 4.9% increase from $340,417 the prior year.

How long do homes stay on the market in LAFAYETTE, LA?

Homes in LAFAYETTE, LA 70508 spend an average of 77 days on the market before going under contract, compared to 108 days the prior year.

Is it a seller's or buyer's market in LAFAYETTE, LA 70508?

Based on current inventory and days-on-market data as of February 2026, LAFAYETTE, LA 70508 is currently a Balanced Market. Inventory has increased compared to last year, with 30 more homes available — giving buyers more choice. Homes are selling faster, averaging 77 days on market compared to 108 days last year.

How much can I save on real estate commission in LAFAYETTE, LA?

With SELL123.com's maximum 3% commission, sellers in LAFAYETTE, LA 70508 save an estimated $7,145 compared to a typical 5% commission on the median listing price of $357,250. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.