All Reports › Monthly Market Report › Lafayette-West Lafayette MSA • September 2026 • All Residential

Monthly Market Report

Monthly totals, trends, and year-over-year comparisons

Summary

Generating summary...

Monthly Market Report • Lafayette-West Lafayette MSA • September 2026

Supply

Inventory

Average daily inventory
September 2026
577
Expected range of 458–506
Month-over-month
+5%
Typical change is about +4%
Year-over-year
+11%
View source and notes...

Last update: Oct. 7, 2026, midnight Source: IAR MLS Data Warehouse Data notes: A listing counts in inventory if its status is active, not pending or sold. Inventory fluctuates constantly, so we calculate the monthly measure as the inventory at the start of each day average across the entire month. Expected values were refit in August 2026 and now align to the month they describe. Geography notes: Metropolitan Statistical Areas are defined by the U.S. Census Bureau after each decennial census. They are made up of one or more counties and contain an urbanized area with at least 50,000 people. Learn more here: https://www.census.gov/programs-surveys/metro-micro/about.html. Lafayette-West Lafayette MSA includes Benton County, Carroll County, Tippecanoe County.

New Listings

Monthly total by listing date
September 2026
260
Expected range of 246–272
Month-over-month
+13%
Typical change is about -5%
Year-over-year
-0%
View source and notes...

Last update: Oct. 7, 2026, midnight Source: IAR MLS Data Warehouse Data notes: Listings may be posted to an MLS system after their listing date. Historically, 92% of listings are posted within three days and 99% within seven days. Expected values were refit in August 2026 and now align to the month they describe. Geography notes: Metropolitan Statistical Areas are defined by the U.S. Census Bureau after each decennial census. They are made up of one or more counties and contain an urbanized area with at least 50,000 people. Learn more here: https://www.census.gov/programs-surveys/metro-micro/about.html. Lafayette-West Lafayette MSA includes Benton County, Carroll County, Tippecanoe County.

Sales

Closed Sales

Monthly total of closed sales
September 2026
186
Expected range of 189–209
Month-over-month
-11%
Typical change is about -8%
Year-over-year
-11%
View source and notes...

Last update: Oct. 7, 2026, midnight Source: IAR MLS Data Warehouse Data notes: Sales may be posted to an MLS system after their closing date. Historically, 79% of listings are posted within three days and 96% within seven days. Reporting was slower before 2018, and the cutoff for counting a sale is adjusted for each period so that earlier years are counted on the same basis as recent ones. Expected values were refit in August 2026 and now align to the month they describe. Geography notes: Metropolitan Statistical Areas are defined by the U.S. Census Bureau after each decennial census. They are made up of one or more counties and contain an urbanized area with at least 50,000 people. Learn more here: https://www.census.gov/programs-surveys/metro-micro/about.html. Lafayette-West Lafayette MSA includes Benton County, Carroll County, Tippecanoe County.

New Pending Contracts

Monthly total by pending date
September 2026
153
Expected range of 190–211
Month-over-month
-29%
Typical change is about -10%
Year-over-year
-18%
View source and notes...

Last update: Oct. 7, 2026, midnight Source: IAR MLS Data Warehouse Data notes: While not all pending contracts result in a closed sale, they are a very strong predictor of sales trends five weeks in the future. Pending contracts may be posted to an MLS system after their pending date. Historically, 81% of listings are posted within three days and 92% within seven days. A listing that goes pending more than once in a month now counts once per pending, rather than once for the month. Expected values were refit in August 2026 and now align to the month they describe. Geography notes: Metropolitan Statistical Areas are defined by the U.S. Census Bureau after each decennial census. They are made up of one or more counties and contain an urbanized area with at least 50,000 people. Learn more here: https://www.census.gov/programs-surveys/metro-micro/about.html. Lafayette-West Lafayette MSA includes Benton County, Carroll County, Tippecanoe County.

Market Momentum

Median Days on Market

Days from listing to pending
September 2026
26
Expected range of 25–28
Month-over-month
-17%
Typical change is about +7%
Year-over-year
+6%
View source and notes...

Last update: Oct. 7, 2026, midnight Source: IAR MLS Data Warehouse Data notes: Days on market is the time from listing to pending for listings that went under contract within the period. To filter out erroneous data, this filters out listings with a pending date before 2017. There is delay in entering pending dates, so recent months represent only the portion of sales with a pending date. Expected values were refit in August 2026 and now align to the month they describe. Geography notes: Metropolitan Statistical Areas are defined by the U.S. Census Bureau after each decennial census. They are made up of one or more counties and contain an urbanized area with at least 50,000 people. Learn more here: https://www.census.gov/programs-surveys/metro-micro/about.html. Lafayette-West Lafayette MSA includes Benton County, Carroll County, Tippecanoe County.

Months of Inventory

Current supply versus 12-month sales average
September 2026
3.1
Expected range of 2.7–3.0
Month-over-month
+7%
Typical change is about +4%
Year-over-year
+10%
View source and notes...

Last update: Oct. 7, 2026, midnight Source: IAR MLS Data Warehouse Data notes: Months of inventory is calculated as the current month's supply ÷ the average sales per month over the previous 12 months. Expected values were refit in August 2026 and now align to the month they describe. Geography notes: Metropolitan Statistical Areas are defined by the U.S. Census Bureau after each decennial census. They are made up of one or more counties and contain an urbanized area with at least 50,000 people. Learn more here: https://www.census.gov/programs-surveys/metro-micro/about.html. Lafayette-West Lafayette MSA includes Benton County, Carroll County, Tippecanoe County.

Price

Median Sale Price

Median monthly sale price
September 2026
$290,000
Expected range of 248,422–274,572
Month-over-month
-8%
Typical change is about -2%
Year-over-year
-3%
View source and notes...

Last update: Oct. 7, 2026, midnight Source: IAR MLS Data Warehouse Data notes: This excludes properties where the sale price is less than half the listing price or greater than twice the listing price, assuming those are errors. The median price represents the middle value of all properties sold. Half of sales had a higher price and half had a lower price. Expected values were refit in August 2026 and now align to the month they describe. Geography notes: Metropolitan Statistical Areas are defined by the U.S. Census Bureau after each decennial census. They are made up of one or more counties and contain an urbanized area with at least 50,000 people. Learn more here: https://www.census.gov/programs-surveys/metro-micro/about.html. Lafayette-West Lafayette MSA includes Benton County, Carroll County, Tippecanoe County.

Sale Price as Pct. of List Price

Monthly average
September 2026
95.8%
Expected range of 94.8%–96.7%
Month-over-month
-1%
Typical change is about -0%
Year-over-year
+0%
View source and notes...

Last update: Oct. 7, 2026, midnight Source: IAR MLS Data Warehouse Data notes: This excludes properties where the sale price is less than half the listing price or greater than twice the listing price, assuming those are errors. Expected values were refit in August 2026 and now align to the month they describe. Sale price does not deduct any concessions, including seller-paid closing costs and buyer agent compensation. Geography notes: Metropolitan Statistical Areas are defined by the U.S. Census Bureau after each decennial census. They are made up of one or more counties and contain an urbanized area with at least 50,000 people. Learn more here: https://www.census.gov/programs-surveys/metro-micro/about.html. Lafayette-West Lafayette MSA includes Benton County, Carroll County, Tippecanoe County.

Demographics

Affordability