Greater Lafayette Real Estate Market Update: June 2025
Welcome to your latest update on the Greater Lafayette real estate market! My goal? To demystify the local housing market and keep you informed—whether you’re a homeowner, renter, seller, or buyer.
Why These Updates Matter
The real estate market is always moving, and it affects more than just home buyers and sellers—it touches our entire community. By taking a close look at the latest data, I want to give you the clarity, perspective, and context local residents need to make informed decisions. Let’s dive into the numbers that matter most as we assess where the market stands as of June 2025.
Inventory: Are We Finally Balanced?
June 2025 Inventory: 286 homes for sale in Tippecanoe County.
- Over the past five years, inventory has followed a highly seasonal pattern—rising in the summer and dropping in the winter. Historically, 300 homes on the market has been considered the benchmark for a “balanced” market here.
- This June, we’re as close to that balanced number as we’ve been in recent memory. This means there’s a near-even match between buyers and sellers—no overwhelming advantage for either side.
New Listings: Seasonal, but Growing
- New listings surge in spring and early summer and dip in winter, year in and year out.
- Low point: 101 listings in December 2024.
- Peak: 293 listings in May 2025, just under that balanced 300-mark.
This growth in supply means more choices for buyers and a healthier market overall. The consistency of these patterns is a sign of stability, not volatility.
Home Sales: Strong and Steady
- Closed Sales (June 2025): 195 homes, in line with the peaks of the last two years.
- The pace of closed sales has moderated—a good thing after several years of extremely tight inventory.
Pending Contracts: Signs of Continued Activity
- 186 contracts written in June 2025: Buyers are still active and committed, even as inventory grows.
Days on Market: Selling Fast
- Median Days on Market: Seven.
- Even with more homes on the market, most are selling incredibly quickly—often within a week.
- For comparison: Last year, the median was as low as four (West Lafayette homes sometimes sell in under three days!). Historically, the region averaged three to four weeks (21–28 days).
Months of Inventory: Rising, But Still Tight
- June 2025: 1.9 months of inventory—the highest in five years, but still below what’s considered a long-term balanced market (historically 3 months, but experts now say 2–2.5 months is the “new normal”).
Median Sale Price: Steady Growth
- $330,000 median sale price (June 2025): The highest in five years, but this is steady, measured growth—not a sudden spike.
- Prices climb coming out of winter and dip slightly as the year ends, following a predictable pattern.
Sale Price as Percent of Listing Price
- June 2025: Homes are closing at 98% of their listing price, on average. The market is strong, but buyers can sometimes negotiate modest concessions (about 2% off list price).
What Price Ranges Dominate the Market?
- Listings and Closed Sales:
- The sweet spot is $250,000–$350,000: Most homes—whether listed, sold, or pending—fall in this range.
- Under $150,000? Very few homes, and those typically need serious work or are investor/flipper specials.
- $150,000–$250,000: Still available, but less common than the mid-range.
- $350,000 and up: Plenty of options, especially for move-up buyers and families.
Bottom Line: A Strong and Healthy Market
Greater Lafayette’s housing market is showing balance and resilience: rising inventory, sustained buyer demand, fast sales, and steady price appreciation. We’re NOT in a bubble—nor are we heading for a dramatic downturn. If you’re planning to buy, your best option is still sooner rather than later, and if you’re selling, a well-priced home is nearly certain to attract serious buyers.
Ready to Talk Real Estate?
If you’re considering a move in or around the Greater Lafayette area—buying, selling, upsizing, downsizing, or just curious about what your home is worth—let’s chat! Head to lafietreel.com/youtube to get started, or just reach out with your questions. I’m always here to help you reach your real estate goals and make the most of our vibrant local market.
Thanks for reading, and stay tuned for more insights and updates!