Lafayette, LA 70508 Housing Market
- Active listings31currently for sale
- Pending sales41under contract
- Median asking price$885,000current listings
- Inventory age4 daysmedian time the current active listings have been on the market
- Closed sales tracked (6 mo)349a tracked sample, not a market total
- Median sold price$312,000last 6 months
- Middle half of sold prices$231k to $485k25th to 75th percentile
What the numbers say
As of August 26, 2026, Resideline is tracking 31 active listings and 41 pending sales in ZIP code 70508. That pending-to-active ratio of 1.32 points to a seller's market: buyers are absorbing inventory quickly relative to what is available.
The median asking price of current listings is $885,000, while the median of the 349 closed sales Resideline tracked over the last six months was $312,000. 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. The median active listing in 70508 has been on the market for 4 days.
Frequently asked questions
What is the median home price in 70508?
The median closed sale price in Lafayette, LA 70508 was $312,000 over the last six months, based on 349 closed sales tracked by Resideline. The middle half of those sales ranged from $231,000 to $485,000.
Is 70508 a buyer's or seller's market?
Resideline is currently tracking 41 pending sales against 31 active listings in 70508, a pending-to-active ratio of 1.32. 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, 70508 currently looks like a seller's market.