$1,063 Closing Credit*
$89,500
1,005 SqFt
2 Beds
•1 Full Bath, 1 Partial
Nichols, Amanda, Listing Office: iHome Realty
Is Lafayette Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 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, IA
How much do homes in Lafayette Township, IA cost?
Median Sold Price
$228,000
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,000(+11.2%)
Key Takeaway
Homes in Lafayette Township have sold for 11.2% more than they did a year ago.
Summary: The median home sold price in Lafayette Township was $228,000 in October 2024, up 11.2% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $58K | - | N/A |
| 2 Bedrooms | $125.5K | $192K | +53.0% |
| 3 Bedrooms | $223.5K | $225K | +0.7% |
| 4 Bedrooms | $309.9K | $265K | -14.5% |
| 5+ Bedrooms | $307.5K | $276.5K | -10.1% |
Summary: Lafayette Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 53%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 14.5%, and 5+ bedroom homes decreased by 10.1%.
Median Sold Price Compared To Nearby Cities
| Lafayette Township | $205K | $228K | +11.2% |
| Story City | $245K | $239.9K | -2.1% |
| Howard Township | $271.2K | $245K | -9.7% |
Housing Supply in Lafayette Township, IA
How many homes are available in Lafayette Township, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Summary: The Lafayette Township real estate market had 5 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Lafayette Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lafayette Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Lafayette Township in October 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Lafayette Township, IA
How long does it take to sell a home in Lafayette Township, IA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 68 Days | 7 Days | -89.8% |
Summary: Homes in Lafayette Township had an average of 7 days on market in Oct 2024, down by 89.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lafayette Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Lafayette Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
