What’s Happening in the Lafayette Housing Market?
Hey Lafayette homeowners! It’s J. Ray with Keaty Real Estate, bringing you your latest Lafayette real estate market update for February 2025. Whether you’re buying or selling, staying informed on the latest housing trends is key to making the best real estate decisions. Let’s dive into the numbers!
January 2025 Market Highlights
📉 Homes Sold: 169 (12% decrease from January 2024)
📆 Average Days on Market: 77 days (13% longer than last year)
💰 Average Sale Price: $290,822 (2% increase from January 2024)
📊 Compared to Pre-Pandemic Levels (January 2019): Home prices are up 25%
🏡 Active Listings: 1,210 (Up 17% from January 2024, but still 26% lower than January 2019)
One important note: The recent snowstorm slowed down market activity for about a week, contributing to the drop in sales.
What This Means for Buyers 🏡
If you’re looking to buy a home in Lafayette, now is a great time to find a deal! With more homes on the market and interest rates holding relatively steady, buyers have more options and room to negotiate. Homes are also staying on the market longer, meaning sellers may be more willing to entertain offers.
What This Means for Sellers 📈
If you’re planning to sell, pricing your home competitively is more important than ever. With inventory rising, buyers have more choices, which means marketing your home effectively and staging it well will be key to attracting serious buyers. Despite the slower pace, home prices are still on the rise, meaning sellers can still get strong returns on their investment.
Final Thoughts & What to Expect in 2025
While the Lafayette housing market saw a slight slowdown in January, demand remains strong and home values continue to appreciate. As we move forward, expect a steady market with more opportunities for both buyers and sellers.
📞 Thinking about buying or selling? Let’s talk! Call me, J. Ray, at 337-230-0664 and let’s make your real estate goals a reality.
Until next month, I’m J. Ray, your favorite real estate agent!
Ready to Make a Move? Let’s Connect!
Buying or selling in Lafayette? Now is the time to start planning! Call J. Ray at 337-230-0664 today for expert guidance in the Lafayette real estate market.
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