Is LaFayette, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing LaFayette is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, LaFayette has remained a Seller's Market.

Key Takeaway

LaFayette is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in LaFayette, GA

How much do homes in LaFayette, GA cost?

Median Sold Price

$196,000

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$6,161(+3.2%)

Key Takeaway

Homes in LaFayette have sold for 3.2% more than they did a year ago.

Summary: The median home sold price in LaFayette was $196,000 in May 2024, up 3.2% from last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $40K$127K
+217.5%
2 $132.5K$159.9K
+20.7%
3 $198.4K$199.9K
+0.8%
4 $229K$240K
+4.8%
5+ $360K$294.9K
-18.1%

Summary: LaFayette housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 217.5%, 2 bedroom homes increased by 20.7%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 18.1%.

Median Sold Price Compared To Nearby Cities

LaFayette
+3.2%
La Fayette
+2.8%

Housing Supply in LaFayette, GA

How many homes are available in LaFayette, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
10091-9.0%

Summary: The LaFayette real estate market had 91 homes for sale in May 2024, a 9.0% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1712
-29.4%
3 6860
-11.8%
4 1516
+6.7%
5+ 03
+100.0%

Summary: The LaFayette housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 29.4%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2519-24.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in LaFayette, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in LaFayette in May 2024, down by 24.0% month-over-month. Of the 18 sold homes, 67% were sold under asking, 6% were sold at asking, and 28% were sold over asking.

Days on Market for LaFayette, GA

How long does it take to sell a home in LaFayette, GA?

Average Sale Time

May 2023May 2024CHANGE
6 Days27 Days+330.3%

Summary: Homes in LaFayette had an average of 27 days on market in May 2024, up by 330.3% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in LaFayette are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 19 homes were sold in LaFayette; 26% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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MLS Disclaimers and Copyright

Based on information from Chattanooga MLS / Multiple Listing Service of Chattanooga Inc., Georgia MLS, RealTracs Middle Tennessee Regional MLS, and First Multiple Listing Service Inc. for the period 06/01/2022 - 06/01/2024

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2024 Greater Chattanooga Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/1/2024, 7:20:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX Based on information from the Georgia MLS © 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/1/2024, 7:20:36 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX© 2024 of the REALTRACS MLS. All rights Reserved.

The data relating to this real estate for sale on this websites comes in part courtesy of the IDX program of the REALTRACS MLS. Real estate listings held by brokerage firms other than this broker are marked with the REALTRACS IDX Logo. REALTRACS and this broker deem all information reliable but not guaranteed, and should be independently verified. REALTRACS and this broker assume no responsibility for typographical errors, misprints or misinformation.

REALTRACS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/1/2024, 7:18:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.

If you believe any FMLS listing contains material that infringes your copyrighted work please Click Here to review our DMCA and learn how to submit a takedown request. Information is deemed reliable but is not guaranteed. © 2024 First Multiple Listing Service, Inc.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/1/2024, 7:20:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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