Monthly Market Report

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

 Quick Summary

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Monthly Market ReportLafayette-West Lafayette MSAOctober 2025

Supply

Inventory

Average daily inventory
October 2025
468
Expected range of 372–411
Month-over-month
+1%
Typical change is about +7%
Year-over-year
+71%
View source and notes...

Last update: Nov. 7, 2025, 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. 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
October 2025
223
Expected range of 226–250
Month-over-month
-6%
Typical change is about +10%
Year-over-year
+5%
View source and notes...

Last update: Nov. 7, 2025, 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. 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
October 2025
175
Expected range of 158–175
Month-over-month
-13%
Typical change is about -3%
Year-over-year
-7%
View source and notes...

Last update: Nov. 7, 2025, 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. 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
October 2025
181
Expected range of 168–185
Month-over-month
+10%
Typical change is about +0%
Year-over-year
+4%
View source and notes...

Last update: Nov. 7, 2025, 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. 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
October 2025
29
Expected range of 17–19
Month-over-month
+14%
Typical change is about +11%
Year-over-year
+45%
View source and notes...

Last update: Nov. 7, 2025, midnight Source: IAR MLS Data Warehouse Data notes: This is calculated as the difference between listing date and pending date. 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. 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
October 2025
2.7
Expected range of 0.9–1.0
Month-over-month
+1%
Typical change is about +7%
Year-over-year
+64%
View source and notes...

Last update: Nov. 7, 2025, 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. 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
October 2025
275,000
Expected range of 238,042–263,099
Month-over-month
-9%
Typical change is about -2%
Year-over-year
-8%
View source and notes...

Last update: Nov. 7, 2025, 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. 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
October 2025
94.3%
Expected range of 95.5%–97.5%
Month-over-month
-1%
Typical change is about -0%
Year-over-year
-3%
View source and notes...

Last update: Nov. 7, 2025, 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. 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