April Market Snapshot
We’re officially through the first quarter of 2025—and Lafayette’s real estate market continues to evolve. Whether you’re a first-time buyer, a seasoned seller, or just keeping tabs on the market, here’s what you need to know:
New Listings: There was a noticeable uptick in new listings this quarter compared to the first quarter of 2024. Approximately, 12% increases in new listings were reported for Lafayette parish. Homes in well-loved areas like Broadmoor, Woodvale, and parts of Youngsville saw strong listing activity. Luxury inventory also crept up slightly, giving high-end buyers more to choose from.
Pended Sales: Sales remained somewhat steady, with an 8% year to date increase compared to the first quarter of 2024. Well-priced homes—especially those that are updated and move-in ready—sold quickly. We’re seeing more buyers act decisively, particularly in popular school zones and neighborhoods with community amenities. The key is condition and appropriate pricing!
Average Days on Market: The average days on market saw an increase of 36% year to date. As more homes enter the market as a new listing, buyers have more choices and can afford to be choosy.
Price Trends: The average sale price across Lafayette Parish remained stable, with slight growth in areas like River Ranch and Grand Pointe. First-time buyer neighborhoods also saw moderate appreciation—good news for current homeowners looking to build equity.
Thinking of Selling? Now is a great time to prep your home. With more buyers entering the market this spring, presentation and pricing will matter more than ever—especially if your home falls into that “move-in ready” sweet spot.
Looking to Buy? The earlier you act, the more options you’ll have. Interest rates have leveled off for now, and buyers who start their home search early tend to have better negotiating power before summer competition heats up.
Thinking about buying or selling this year? Let’s chat over coffee. Just reply to this email, and I’ll take it from there!
