Brokers — List your Company Here
Featured local agent — La Fayette, IL
Sarah Mitchell
Compass Real Estate · La Fayette, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
La Fayette, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$144,900median sale price
How is the La Fayette, IL housing market right now?
The median home sale price in La Fayette, IL is $144,900. Homes sell in an average of 122 days. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of October 2025 — 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, IL is currently a leaning buyer's and homes selling in about 122 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
122
Average pace
Active listings
—
Sale-to-list
100.0%
Above asking
What does the La Fayette housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $144,900 |
| Average days on market | 122 days |
| Sale-to-list price ratio | 100.0% |
| Median price per sq ft | $119/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in La Fayette by property type?
How the La Fayette, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $144,900 | $119/sq ft | 1 | 122 days |
Source: Redfin · Updated monthly
The La Fayette housing market is currently classified as a leaning buyer's with a median sale price of $144,900. Prices have fallen 0.0% compared to last year, with homes spending an average of 122 days on market.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 2.3x provides context for how home values compare to local earning capacity.
Homes for sale in La Fayette
Explore homes currently listed for sale in La Fayette, Illinois across major real estate platforms.
Who lives in La Fayette?
Population
148
Median income
$49,519/yr
Median age
50.6 years
Owner-occupied
95.8%
College grads
3.9%
Avg commute
26.3 min
Source: U.S. Census Bureau ACS
What are homes worth in La Fayette?
Zillow home value
$113,003
Price-to-income
2.3x
Source: Zillow Research
What is it like to live in La Fayette?
La Fayette is a community of approximately 0K residents with a median age of 50.6 years.The median household income is $49,519, which represents a working-class community with solid middle-income opportunities. 3.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 95.8%, reflecting strong community stability and long-term resident commitment. 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, IL?
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 $144,900, down 0.0% from last year.
How long do homes stay on market in La Fayette?
Homes typically spend 122 days on market before going under contract.
What is the median income in La Fayette?
The median household income is $49,519 per year.
What is the Zillow home value estimate for La Fayette?
The Zillow Home Value Index (ZHVI) for La Fayette is $113,003, representing the typical home value in the area.
How much does a single-family home cost in La Fayette?
The median single-family home price in La Fayette, IL is $144,900 (about $119 per square foot).
Be the brokerage on this page
1 slot per pageGet featured on La Fayette, IL
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Get La Fayette market alerts
Weekly updates on prices, inventory, and trends. Free forever.