Is Lafayette, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Lafayette was a Buyer's Market.
Housing Prices in Lafayette, IN
How much do homes in Lafayette, IN cost?
Median Sold Price
$261,000
$163/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Lafayette was $261,000 in May 2024, up 13.5% from last month, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $77K | N/A |
2 Bedrooms | $211K | - | N/A |
3 Bedrooms | $230K | $252.5K | +9.8% |
4 Bedrooms | $250.5K | $320K | +27.7% |
5+ Bedrooms | - | - | N/A |
Summary: Lafayette housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 27.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Fairfield Township | $211K | $250K | +18.5% |
Lafayette | $230K | $261K | +13.5% |
Housing Supply in Lafayette, IN
How many homes are available in Lafayette, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
65 | 124 | +90.8% |
Summary: The Lafayette real estate market had 124 homes for sale in May 2024, a 90.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 5 | 10 | +100.0% |
3 Bedrooms | 35 | 67 | +91.4% |
4 Bedrooms | 22 | 40 | +81.8% |
5+ Bedrooms | 3 | 6 | +100.0% |
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 increased by 100%, 3 bedroom homes increased by 91.4%, 4 bedroom homes increased by 81.8%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 42 | +366.7% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in Lafayette in May 2024, up by 366.7% month-over-month. Of the 42 sold homes, 40% were sold under asking, 24% were sold at asking, and 36% were sold over asking.
Days on Market for Lafayette, IN
How long does it take to sell a home in Lafayette, IN?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 Days | 51 Days | +933.3% |
Summary: Homes in Lafayette had an average of 51 days on market in May 2024, up by 933.3% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 42 homes were sold in Lafayette; 10% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.