Hey Lafayette homeowners, it’s J. Ray, your favorite real estate agent, and I’m back with your May 2025 Lafayette real estate market update. Whether you’re thinking about buying, selling, or just keeping tabs on the market, I’ve got the numbers and insights you need to stay ahead.
📊 April 2025 Market Overview
🏠 Homes Sold: 312
(⬆️ Up 4% from April 2024)
⏳ Average Days on Market: 84 days
(⬆️ 20% longer than April 2024)
💵 Average Sale Price: $290,367
(⬆️ 3% from April 2024 | ⬆️ 26% from April 2019)
🏡 Active Listings: 1,194
(⬆️ 7% year-over-year | ⬇️ 28% compared to 2019)
🏠 What This Means for Buyers
If you’re shopping for a home, the Lafayette market is giving you more options than we’ve seen in recent years. Inventory is on the rise and interest rates have held fairly steady, giving buyers more negotiating power. And with homes staying on the market a little longer, you have time to explore your options without rushing into a bidding war.
📈 What This Means for Sellers
Sellers—now is still a great time to list. Home prices are trending up, and with a 3% increase over last year, your equity may be stronger than you think. But competition is growing, so make sure your pricing is competitive and your marketing strategy is sharp. A well-prepared listing is the key to standing out and selling faster.
💬 Final Thoughts
The Lafayette real estate market continues to show strength and resilience. With more homes for sale and stable pricing trends, it’s a balanced market that favors both buyers and sellers—depending on the strategy.
📲 Thinking of making a move? Let’s connect! Call or text me at 337-230-0664 and I’ll help you navigate your next step with confidence.
Until next month,
I’m J. Ray—your favorite real estate agent!