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Featured local agent — La Fayette, AL
Sarah Mitchell
Compass Real Estate · La Fayette, AL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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La Fayette, AL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$185,000median sale price
How is the La Fayette, AL housing market right now?
The median home sale price in La Fayette, AL is $185,000, up 51.0% year-over-year. Homes sell in an average of 219 days with 8 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is La Fayette a buyer's or seller's market?
La Fayette, AL is currently a buyer's market, based on 8.0 months of supply and homes selling in about 219 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
219
Average pace
Active listings
8
8.0 months supply
Sale-to-list
97.4%
Below asking
What does the La Fayette housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $185,000 |
| Median list price | $359,500 |
| Year-over-year price change | +51.0% |
| Average days on market | 219 days |
| Active inventory | 8 listings |
| Months of supply | 8.0 months |
| Sale-to-list price ratio | 97.4% |
| Median price per sq ft | $108/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 2 |
| Listings with a price cut | 25.0% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in La Fayette by property type?
How the La Fayette, AL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $185,000 | $108/sq ft | 1 | 219 days |
Source: Redfin · Updated monthly
The La Fayette housing market is currently classified as a buyer's market with a median sale price of $185,000. Prices have risen 51.0% compared to last year, with homes spending an average of 219 days on market, indicating 8.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in La Fayette
There are currently 8 homes listed for sale in La Fayette, Alabama. The median listing price is $360K.
Active listings
8
Homes on market
Median list price
$360K
Avg. days on market
219
Days until sale
New this week
2
Newly listed
Who lives in La Fayette?
Population
2,665
Median income
$32,999/yr
Median age
51.3 years
Owner-occupied
64.8%
College grads
11.3%
Avg commute
26.3 min
Source: U.S. Census Bureau ACS
What is it like to live in La Fayette?
La Fayette is a community of approximately 3K residents with a median age of 51.3 years.The median household income is $32,999, which represents a working-class community with solid middle-income opportunities. 11.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 64.8%, showing a blend of owner and renter-occupied properties. The average commute time is 26.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, La Fayette offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near La Fayette, AL?
Want a head-to-head view? Compare La Fayette side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in La Fayette?
The median home sale price in La Fayette is $185,000, up 51.0% from last year.
How long do homes stay on market in La Fayette?
Homes typically spend 219 days on market before going under contract.
What is the median income in La Fayette?
The median household income is $32,999 per year.
Is La Fayette a buyer's or seller's market?
With 8.0 months of supply, La Fayette is currently a buyer's market.
How much does a single-family home cost in La Fayette?
The median single-family home price in La Fayette, AL is $185,000 (about $108 per square foot).
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