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Lafayette, LA 70506 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Lafayette, LA inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.08
ActiveActive listings: 7171PendingPending sales: 66
Lafayette, LA: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $230k$230kSoldMedian sold price (last 6 months): $230k$230k
What homes actually sell for in Lafayette, LA
Distribution of 297 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $188k to $278k
$108k to $144k: 20 sales$108k$144k to $180k: 25 sales$180k to $216k: 64 sales64sales$180k$216k to $252k: 60 sales$252k to $287k: 52 sales$252k$287k to $323k: 18 sales$323k to $359k: 21 sales$323k$359k to $395k: 8 salesMedian $230k

What the numbers say

As of October 5, 2026, Resideline is tracking 71 active listings and 6 pending sales in ZIP code 70506. That pending-to-active ratio of 0.08 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $230,000, while the median of the 297 closed sales Resideline tracked over the last six months was $230,000. 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 83 days.

Frequently asked questions

What is the median home price in 70506?

The median closed sale price in Lafayette, LA 70506 was $230,000 over the last six months, based on 297 closed sales tracked by Resideline. The middle half of those sales ranged from $187,500 to $278,000.

Is 70506 a buyer's or seller's market?

Resideline is currently tracking 6 pending sales against 71 active listings in 70506, a pending-to-active ratio of 0.08. 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

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