Lafayette Housing Market Trends & Insights
Hey Lafayette homeowners! It’s J. Ray with Keaty Real Estate, bringing you your latest Lafayette real estate market update for March 2025. Whether you’re buying, selling, or just staying informed, understanding the latest housing trends can help you make smart real estate decisions. Let’s dive into the numbers!
February 2025 Market Highlights
📈 Homes Sold: 218 (4% increase from February 2024)
📆 Average Days on Market: 84 days (21% longer than last year)
💰 Average Sale Price: $278,745 (No change from February 2024)
📊 Compared to Pre-Pandemic Levels (2019): Home prices are up 31%
🏡 Active Listings: 1,123 (Up 8% from February 2024, but still 33% lower than February 2019)
What This Means for Buyers 🏡
If you’re in the market to buy a home in Lafayette, now is a great time to find a deal.
✅ More inventory means more choices.
✅ Stable interest rates provide consistency in mortgage planning.
✅ Homes are sitting on the market longer, which can create opportunities for buyers to negotiate better deals.
What This Means for Sellers 📈
If you’re considering selling, pricing your home right and having a strong marketing strategy will be key to attracting buyers.
✔️ Home values remain stable, meaning sellers can still see solid returns.
✔️ More listings = more competition, so proper staging and strategic pricing are essential.
✔️ With homes taking longer to sell, working with an experienced agent can make all the difference.
Market Outlook for 2025
With more listings and steady home prices, the Lafayette real estate market remains balanced. Buyers can take advantage of increased inventory, while sellers can still benefit from long-term appreciation. If you’re thinking about making a move, now is the time to start planning!
📞 Thinking about buying or selling? 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!