The average home in Lafayette Parish was on the market for $299,999 in November, up from $300,000 the month before, an analysis of Realtor.com data shows.
Compared to November 2023, the average list price of a home increased 1.7% from $294,875.
The statistics in this article refer only to homes for sale in Lafayette Parish, not homes that have been sold. Information about your local housing market, along with other useful community data, is available at data.theadvertiser.com.
The average home of Lafayette Parish was 1,861 square feet, listed at $165 per square foot. The price per square meter of houses for sale has fallen by 0.9% compared to November 2023.
Listings in Lafayette Parish moved slowly, with an average of 80 days listed, compared to November’s national average of 62 days on market. In the previous month, homes were on the market for an average of 74 days. Approximately 276 new homes came onto the market in November, a decrease of 11.5% compared to the 312 new homes in November 2023.
Realtor.com’s average home prices may exclude many or even most of the homes on the market. Price and volume represent single-family homes, condominiums, or townhomes only. They include existing homes but exclude most new-build homes and pending and conditional sales.
In the Lafayette metro area, median home prices remained at $265,000, the same as a month earlier. The average home measured 1,859 square feet, at a list price of $147 per square foot.
In Louisiana, median home prices were $275,000, down slightly from October. The average Louisiana home for sale was 1,840 square feet, priced at $152 per square foot.
In the United States, the average home price was $416,880, down slightly from the previous month. The average American home for sale was listed at 1,821 square feet, priced at $224 per square foot.
The average list price for homes used in this report represents the midpoint of all homes or units listed during the given period. Experts say the median provides a more accurate picture of what’s happening in a market than the average list price, which would mean taking the sum of all list prices and then dividing it by the number of homes sold. The average may be distorted by a particularly low or high price.
The USA TODAY Network is publishing localized versions of this story on its news sites nationwide, generated with data from Realtor.com. Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu.
This article originally appeared on Lafayette Daily Advertiser: Home listings in Lafayette Parish were asking for the same amount in November – see the current median price here
