Lafayette, LA 70506 Housing Market
- Active listings74currently for sale
- Pending sales5under contract
- Median asking price$194,200current listings
- Listing age68 daysmedian time Resideline has been seeing the current listings
- Closed sales tracked (6 mo)307a tracked sample, not a market total
- Median sold price$235,000last 6 months
- Middle half of sold prices$189k to $282k25th to 75th percentile
What the numbers say
As of September 14, 2026, Resideline is tracking 74 active listings and 5 pending sales in ZIP code 70506. That pending-to-active ratio of 0.07 points to a balanced market: buyers have room to compare options and negotiate.
The median asking price of current listings is $194,200, while the median of the 307 closed sales Resideline tracked over the last six months was $235,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 70506 for 68 days.
Frequently asked questions
What is the median home price in 70506?
The median closed sale price in Lafayette, LA 70506 was $235,000 over the last six months, based on 307 closed sales tracked by Resideline. The middle half of those sales ranged from $189,000 to $282,500.
Is 70506 a buyer's or seller's market?
Resideline is currently tracking 5 pending sales against 74 active listings in 70506, a pending-to-active ratio of 0.07. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 70506 currently looks like a balanced market.
Nearby ZIP code market data
- 70508 Lafayette, LA
- 70503 Lafayette, LA
- 70726 Denham Springs, LA
- 70810 Baton Rouge, LA
- 70433 Covington, LA
- 70592 Youngsville, LA