Is Northwest Lafayette / Indian Peaks, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northwest Lafayette / Indian Peaks is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Northwest Lafayette / Indian Peaks has remained a Seller's Market.

Key Takeaway

Northwest Lafayette / Indian Peaks is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Northwest Lafayette / Indian Peaks, CO

How much do homes in Northwest Lafayette / Indian Peaks, CO cost?

Median Sold Price

$824,950

$367/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$45,050(-5.2%)

Key Takeaway

Homes in Northwest Lafayette / Indian Peaks have sold for 5.2% less than they did a year ago.

Summary: The median home sold price in Northwest Lafayette / Indian Peaks was $824,950 in November 2024, down 5.2% from last year, and the median price per square foot was $367.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$325K
N/A
2 $522.5K$505K
-3.3%
3 $672.4K$724.9K
+7.8%
4 $919.5K$850K
-7.6%
5+ $1.2M$1.4M
+15.2%

Summary: Northwest Lafayette / Indian Peaks housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 7.8%, 4 bedroom homes decreased by 7.6%, and 5+ bedroom homes increased by 15.2%.

Housing Supply in Northwest Lafayette / Indian Peaks, CO

How many homes are available in Northwest Lafayette / Indian Peaks, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5246-11.5%

Summary: The Northwest Lafayette / Indian Peaks real estate market had 46 homes for sale in November 2024, a 11.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 76
-14.3%
3 1818
0.0%
4 129
-25.0%
5+ 1513
-13.3%

Summary: The Northwest Lafayette / Indian Peaks housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 13.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
912+33.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northwest Lafayette / Indian Peaks, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Northwest Lafayette / Indian Peaks in November 2024, up by 33.3% month-over-month. Of the 12 sold homes, 58% were sold under asking, 8% were sold at asking, and 33% were sold over asking.

Days on Market for Northwest Lafayette / Indian Peaks, CO

How long does it take to sell a home in Northwest Lafayette / Indian Peaks, CO?

Average Sale Time

Nov 2023Nov 2024CHANGE
52 Days34 Days-34.4%

Summary: Homes in Northwest Lafayette / Indian Peaks had an average of 34 days on market in Nov 2024, down by 34.4% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Northwest Lafayette / Indian Peaks are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 12 homes were sold in Northwest Lafayette / Indian Peaks; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% 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 17 Days Ago

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