Is Lafayette Township, IN 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, IN

How much do homes in Lafayette Township, IN cost?

Median Sold Price

$259,450

$158/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$10,550(-3.9%)

Key Takeaway

Homes in Lafayette Township have sold for 3.9% less than they did a month ago.

Summary: The median home sold price in Lafayette Township was $259,450 in November 2024, down 3.9% from last month, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 -$85K
N/A
2 $175.9K$156.7K
-10.9%
3 $269.9K$252.4K
-6.5%
4 $327.5K$351.2K
+7.2%
5+ $675K$489.9K
-27.4%

Summary: Lafayette Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.9%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes decreased by 27.4%.

Median Sold Price Compared To Nearby Cities

Franklin Township
0.4%
Lafayette Township
-3.9%
Freedom
-22.7%

Housing Supply in Lafayette Township, IN

How many homes are available in Lafayette Township, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
319303-5.0%

Summary: The Lafayette Township real estate market had 303 homes for sale in November 2024, a 5.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 4037
-7.5%
3 173165
-4.6%
4 7973
-7.6%
5+ 2526
+4.0%

Summary: The Lafayette Township 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 7.5%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes decreased by 7.6%, and 5+ bedroom homes increased by 4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
10186-14.9%

Asking Price vs. Sold Price

50 Homes Were Sold
Under Asking

20 Homes Were Sold
At Asking

16 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. 58.1% of homes here sold below asking price last month.

Summary: A total of 86 homes were sold or pending in Lafayette Township in November 2024, down by 14.9% month-over-month. Of the 86 sold homes, 58% were sold under asking, 23% were sold at asking, and 19% were sold over asking.

Days on Market for Lafayette Township, IN

How long does it take to sell a home in Lafayette Township, IN?

Average Sale Time

Oct 2024Nov 2024CHANGE
18 Days14 Days-25.5%

Summary: Homes in Lafayette Township had an average of 14 days on market in Nov 2024, down by 25.5% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 86 homes were sold in Lafayette Township; 5% 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.

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

Report Updated 20 Days Ago

Newest Listings in Lafayette Township, IN

Nearby Markets to Lafayette Township, IN

What housing markets are near Lafayette Township, IN?