If you’re a homeowner, buyer, or seller in Lafayette, LA, understanding what’s happening in the local real estate market can help you make smarter decisions. I’m Jason Ray, and here’s your February 2026 Lafayette real estate market update, breaking down the latest trends, numbers, and what they mean for you.
Home Sales Are Up in Lafayette
January 2026 closed with 195 homes sold, marking a 13% increase compared to January 2025. This uptick shows that buyer demand remains strong, even as the market continues to normalize after the rapid post-pandemic years.
Homes Are Taking a Bit Longer to Sell
The average days on market is now 86 days, which is about 10% longer than last year. This shift signals a more balanced market. Buyers are taking their time, and sellers need to be strategic with pricing and presentation to stand out.
Home Prices Continue to Rise—Steadily
The average sales price in January 2026 was $296,602, reflecting:
A 1% increase year-over-year
A 27% increase compared to January 2019 (pre-pandemic levels)
While appreciation has slowed compared to peak years, Lafayette real estate continues to show long-term strength and stability.
Inventory Levels: Still Historically Tight
Lafayette currently has 1,253 active listings:
2% higher than January 2025
23% lower than January 2019
This means inventory is improving slightly but remains well below historical norms—keeping competition alive, especially for well-priced homes.
What This Means for Buyers
With interest rates holding steady, buyers have a solid opportunity to find value—especially as homes sit longer on the market. Negotiation power is improving, and motivated sellers are more open to concessions.
What This Means for Sellers
Homes that are priced correctly and marketed aggressively are still selling. The days of “throw it on the market and wait” are gone. Professional pricing, strong digital exposure, and a clear strategy are key to maximizing your sale price in today’s Lafayette market.
Thinking About Buying or Selling in Lafayette?
If you’re considering making a move in 2026, let’s talk strategy. Every situation is different, and having a local expert on your side matters.
📞 Call or text Jason Ray at 337-230-0664
I’m here to help you make confident, informed real estate decisions.
Until next month,
Jason Ray
Your Favorite Real Estate Agent in Lafayette, LA