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Featured local agent — West Lafayette, IN
Sarah Mitchell
Compass Real Estate · West Lafayette, IN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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West Lafayette, IN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$385,000median sale price
How is the West Lafayette, IN housing market right now?
The median home sale price in West Lafayette, IN is $385,000, down 7.7% year-over-year. Homes sell in an average of 23 days with 65 active listings. The market is currently a seller'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 West Lafayette a buyer's or seller's market?
West Lafayette, IN is currently a seller's market, based on 2.0 months of supply and homes selling in about 23 days. How we determine this →
Homes sold
32
Last 12 weeks
Days on market
23
Average pace
Active listings
65
2.0 months supply
Sale-to-list
98.0%
Below asking
What does the West Lafayette housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $385,000 |
| Median list price | $439,950 |
| Year-over-year price change | -7.7% |
| Average days on market | 23 days |
| Active inventory | 65 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 98.0% |
| Median price per sq ft | $176/sq ft |
| Homes sold (latest month) | 32 |
| New listings (latest month) | 38 |
| Listings with a price cut | 40.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in West Lafayette by property type?
How the West Lafayette, IN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $424,900 | $175/sq ft | 25 | 24 days |
| Condo / Co-op | $266,500 | $178/sq ft | 7 | 21 days |
| Townhouse | $440,000 | $211/sq ft | 2 | 87 days |
Source: Redfin · Updated monthly
The West Lafayette housing market is currently classified as a seller's market with a median sale price of $385,000. Prices have fallen 7.7% compared to last year, with homes spending an average of 23 days on market, indicating 2.0 months of inventory.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 11.2x provides context for how home values compare to local earning capacity.
Homes for sale in West Lafayette
There are currently 65 homes listed for sale in West Lafayette, Indiana. The median listing price is $440K.
Active listings
65
Homes on market
Median list price
$440K
Avg. days on market
23
Days until sale
New this week
38
Newly listed
Who lives in West Lafayette?
Population
44,802
Median income
$33,497/yr
Median age
21.4 years
Owner-occupied
30.5%
College grads
71.2%
Avg commute
15.4 min
Source: U.S. Census Bureau ACS
What are homes worth in West Lafayette?
Zillow home value
$374,552
Zillow rent index
$1,841/mo
Price-to-rent ratio
17.0x
Price-to-income
11.2x
Source: Zillow Research
What is it like to live in West Lafayette?
West Lafayette is a community of approximately 45K residents with a median age of 21.4 years.The median household income is $33,497, which represents a working-class community with solid middle-income opportunities. 71.2% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 30.5%, showing a blend of owner and renter-occupied properties. The average commute time is 15.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, West Lafayette offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve West Lafayette?
7 schools tracked · 6,662 students
The largest public schools serving West Lafayette, IN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
William Henry Harrison High School
Grades 9-12 · 2,169 students
West Lafayette Jr/Sr High School
Grades 7-12 · 1,110 students
Klondike Elementary School
Grades K-5 · 932 students
Burnett Creek Elementary School
Grades K-5 · 775 students
West Lafayette Elementary School
Grades K-3 · 687 students
West Lafayette Intermediate School
Grades 4-6 · 546 students
Klondike Middle School
Grades 6-8 · 443 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near West Lafayette, IN?
Want a head-to-head view? Compare West Lafayette side-by-side with any other U.S. city using our market-comparison tool.
Is West Lafayette a good real estate investment market?
For investors evaluating West Lafayette, the price-to-rent ratio of 17.0x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 7.7% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on West Lafayette's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using West Lafayette's median home price.
Frequently asked questions
What is the average home price in West Lafayette?
The median home sale price in West Lafayette is $385,000, down 7.7% from last year.
How long do homes stay on market in West Lafayette?
Homes typically spend 23 days on market before going under contract.
What is the median income in West Lafayette?
The median household income is $33,497 per year.
Is West Lafayette a buyer's or seller's market?
With 2.0 months of supply, West Lafayette is currently a seller's market.
What is the Zillow home value estimate for West Lafayette?
The Zillow Home Value Index (ZHVI) for West Lafayette is $374,552, representing the typical home value in the area.
What is the median condo price in West Lafayette?
The median condo/co-op sale price in West Lafayette, IN is $266,500, compared to $424,900 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in West Lafayette?
The median single-family home price in West Lafayette, IN is $424,900 (about $175 per square foot).
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