Is Lafayette Township, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lafayette Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Lafayette Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Lafayette Township, AR

How much do homes in Lafayette Township, AR cost?

Median Sold Price

$247,000

$100/sqft

Based on all homes sold in August 2024.

Difference Since Last Month

+$145,000(+142.2%)

Key Takeaway

Homes in Lafayette Township have sold for 142.2% more than they did a month ago.

Summary: The median home sold price in Lafayette Township was $247,000 in August 2024, up 142.2% from last month, and the median price per square foot was $100.

Median Sold Price By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 --
N/A
2 $78K-
N/A
3 $102K$360K
+252.9%
4 $240K$231K
-3.8%
5+ --
N/A

Summary: Lafayette Township housing prices by bedroom type for August 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 252.9%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Lafayette Township
+142.2%
Camden
+47.3%
Ecore Fabre Township
-52.2%

Housing Supply in Lafayette Township, AR

How many homes are available in Lafayette Township, AR?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
2019-5.0%

Summary: The Lafayette Township real estate market had 19 homes for sale in August 2024, a 5.0% decrease compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 35
+66.7%
3 119
-18.2%
4 65
-16.7%
5+ 00
0.0%

Summary: The Lafayette Township housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lafayette Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Lafayette Township in August 2024, down by 20.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Lafayette Township, AR

We’re sorry, we don't have information for this market at the moment

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

Report Updated 27 Days Ago

Newest Listings in Lafayette Township, AR

Nearby Markets to Lafayette Township, AR

What housing markets are near Lafayette Township, AR?