Is Lafayette, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Lafayette has remained a Seller's Market.
Housing Prices in Lafayette, CA
How much do homes in Lafayette, CA cost?
Median Sold Price
$1,810,625
$822/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lafayette was $1,810,625 in May 2024, down 6.6% from last year, and the median price per square foot was $822.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $725K | $750K | +3.4% |
2 Bedrooms | $1.1M | $1.0M | -6.6% |
3 Bedrooms | $1.6M | $1.5M | -5.7% |
4 Bedrooms | $2.0M | $2.0M | +1.1% |
5+ Bedrooms | $3.3M | $2.8M | -14.9% |
Summary: Lafayette housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes decreased by 6.6%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 14.9%.
Median Sold Price Compared To Nearby Cities
Walnut Creek | $829.2K | $878.2K | +5.9% |
Moraga | $1.6M | $1.6M | +3.4% |
Central Contra Costa | $979.5K | $1.0M | +2.1% |
Orinda | $1.9M | $2.0M | +1.0% |
Lafayette | $1.9M | $1.8M | -6.6% |
Housing Supply in Lafayette, CA
How many homes are available in Lafayette, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
84 | 95 | +13.1% |
Summary: The Lafayette real estate market had 95 homes for sale in May 2024, a 13.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 22 | 22 | 0.0% |
4 Bedrooms | 36 | 37 | +2.8% |
5+ Bedrooms | 20 | 29 | +45.0% |
Summary: The Lafayette housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 45%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 36 | +56.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in Lafayette in May 2024, up by 56.5% month-over-month. Of the 34 sold homes, 29% were sold under asking, 6% were sold at asking, and 65% were sold over asking.
Days on Market for Lafayette, CA
How long does it take to sell a home in Lafayette, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
22 Days | 13 Days | -38.9% |
Summary: Homes in Lafayette had an average of 13 days on market in May 2024, down by 38.9% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 36 homes were sold in Lafayette; 83% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.