Taking a Closer Look at Lafayette’s Housing Health
Is the Greater Lafayette real estate market healthy, balanced, or leaning toward buyers or sellers? In this November 2025 update, we review the latest data across Tippecanoe County and uncover what’s happening on the ground. As your local real estate resource with The Russell Team powered by @properties, I want to explore the trends shaping home buying and selling conditions in Lafayette, West Lafayette, and beyond.
Listing Prices Remain Steady
The median listing price for all properties across Tippecanoe County at the end of November was $320,000, with a three‑week average near $300,767. Over the past six weeks, pricing trends have been relatively flat, matching the broader pattern seen throughout most of the year. Prices have fluctuated between the mid‑$200,000s during the winter months and near $380,000–$390,000 in the spring, following the typical seasonal rhythm.
When zooming in on smaller areas, such as West Lafayette or specific school districts, the overall price levels decrease but remain consistent with county‑wide trends.
Inventory Growth Suggests a More Balanced Market
By the last week of November, there were 355 homes for sale in Tippecanoe County with a three‑week average of 373 — a level slightly below what might now represent a balanced market of about 400 homes. Historically, a count of 300 homes indicated balance, but population growth and housing demand over the years suggest that number has shifted upward.
This gradual increase in available housing signals a healthier market than in previous years, when inventory often dipped below 100 homes during the winter. Seasonal patterns also contribute to the current decline as activity slows during the colder months and major holidays.
Pending Contracts and Immediate Sales
Pending contracts — accepted offers waiting to close — totaled around 30 in the last week of November with a three‑week average of 37. This flat trend mirrors the median level from earlier in the year and reflects consistent buyer activity.
However, the percentage of new listings going under contract within three days or less has dropped significantly. In May, over half of all homes sold that quickly, but by November, only 3.7% did. Homes moving a little slower isn’t necessarily negative — it simply indicates a more sustainable and measured pace for buyers and sellers alike.
Price Drops and Market Cooling Indicators
One of the most telling statistics of the month is that 55% of all active listings experienced a price drop in late November. Compared to earlier periods when only 40–46% saw reductions, this jump shows sellers adjusting expectations as market momentum shifts toward balance.
While this isn’t a sign of distress, it does point to more opportunity for buyers to negotiate, particularly as days on market increase. Sellers who price strategically and work with an experienced agent can still achieve favorable outcomes, even in a cooler climate.
Days on Market: Slowing but Stable
Median days from listing to pending rose to 41 days at the end of November, with a three‑week average of 35 days. Earlier this year, that number hovered near ten. A six‑week selling period now represents a return to a more typical pace after several years of rapid turnover.
Homes are still selling, but buyers have a bit more time to make informed decisions and negotiate improvements or concessions.
Percent of List Price Achieved
In November, sellers received an average of 96.6% of their asking price, reflecting light negotiation activity. Most homes closed only 2–4% below their original list price — a healthy sign for both sides. Minor reductions often help buyers manage costs like rate buydowns or basic updates while keeping seller returns strong.
Looking Ahead to the Winter Market
As 2025 comes to a close, Lafayette’s housing market looks balanced and steady. Prices remain stable, inventory is edging up, and homes are taking longer to sell — all signs of a market normalizing after years of fast‑paced activity. Seasonal slowdowns are expected through January and February before activity picks up again in early spring.
For homeowners curious about their property’s value or buyers ready to explore upcoming opportunities, now is an excellent time to review your goals and position for the next market cycle.
Connect with Your Local Lafayette Expert
If you have questions about your home’s value, are considering buying or selling, or want to better understand conditions within your specific neighborhood, visit TheLafayetteReal.com/youtube to connect directly. You’ll hear from me personally — no bots, no assistants — just real advice from your trusted Lafayette‑area real estate professional.
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