Is Lafayette-Louisville, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lafayette-Louisville is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Lafayette-Louisville has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Lafayette-Louisville, CO

How much do homes in Lafayette-Louisville, CO cost?

Median Sold Price

$772,607

$348/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$3,752(-0.5%)

Key Takeaway

The sold price of homes in Lafayette-Louisville has remained the same since last year.

Summary: The median home sold price in Lafayette-Louisville was $772,607 in October 2024, down 0.5% from last year, and the median price per square foot was $348.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $320K$336.3K
+5.1%
2 $485K$458K
-5.6%
3 $680K$677.9K
-0.3%
4 $850K$836.6K
-1.6%
5+ $1.1M$1.1M
-1.2%

Summary: Lafayette-Louisville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 1.2%.

Median Sold Price Compared To Nearby Cities

Superior
+4.2%
Lafayette
+2.8%
Louisville
+2.1%
Lafayette-Louisville
-0.5%
Broomfield
-1.8%

Housing Supply in Lafayette-Louisville, CO

How many homes are available in Lafayette-Louisville, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
433471+8.8%

Summary: The Lafayette-Louisville real estate market had 471 homes for sale in October 2024, a 8.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 611
+83.3%
2 5967
+13.6%
3 133147
+10.5%
4 122125
+2.5%
5+ 113121
+7.1%

Summary: The Lafayette-Louisville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 83.3%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 7.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
82101+23.2%

Asking Price vs. Sold Price

56 Homes Were Sold
Under Asking

25 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lafayette-Louisville, you may be able to get a good deal. 55.4% of homes here sold below asking price last month.

Summary: A total of 101 homes were sold or pending in Lafayette-Louisville in October 2024, up by 23.2% month-over-month. Of the 101 sold homes, 55% were sold under asking, 25% were sold at asking, and 20% were sold over asking.

Days on Market for Lafayette-Louisville, CO

How long does it take to sell a home in Lafayette-Louisville, CO?

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days57 Days+109.5%

Summary: Homes in Lafayette-Louisville had an average of 57 days on market in Oct 2024, up by 109.5% compared to last year.

Breakdown of Home Sale Times

37 Homes Were Sold
Under 30 Days

36 Homes Were Sold
In 30 - 90 Days

28 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 101 homes were sold in Lafayette-Louisville; 37% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 28% 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 16 Days Ago

Newest Listings in Lafayette-Louisville, CO

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