Is Lafayette Square, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lafayette Square is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Lafayette Square was a Seller's Market.

Key Takeaway

Lafayette Square is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Lafayette Square, MO

How much do homes in Lafayette Square, MO cost?

Median Sold Price

$455,000

$186/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,000(+5.8%)

Key Takeaway

Homes in Lafayette Square have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in Lafayette Square was $455,000 in October 2024, up 5.8% from last year, and the median price per square foot was $186.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $162.6K$300K
+84.5%
2 $299.5K$210K
-29.9%
3 $562.5K$501K
-10.9%
4 $575K$620K
+7.8%
5+ $557.5K$830K
+48.9%

Summary: Lafayette Square housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 84.5%, 2 bedroom homes decreased by 29.9%, 3 bedroom homes decreased by 10.9%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 48.9%.

Median Sold Price Compared To Nearby Neighborhoods

Central Corridor
+11.3%
Lafayette Square
+5.8%
Downtown West Saint Louis
-8.8%
The Gate District
-13.9%

Housing Supply in Lafayette Square, MO

How many homes are available in Lafayette Square, MO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2418-25.0%

Summary: The Lafayette Square real estate market had 18 homes for sale in October 2024, a 25.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 32
-33.3%
3 75
-28.6%
4 85
-37.5%
5+ 43
-25.0%

Summary: The Lafayette Square housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
92-77.8%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lafayette Square, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Lafayette Square in October 2024, down by 77.8% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Lafayette Square, MO

How long does it take to sell a home in Lafayette Square, MO?

Average Sale Time

Oct 2023Oct 2024CHANGE
34 Days88 Days+156.5%

Summary: Homes in Lafayette Square had an average of 88 days on market in Oct 2024, up by 156.5% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 2 homes were sold in Lafayette Square; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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

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MLS Disclaimers and Copyright

Based on information from Mid America Regional Information System for the period 11/01/2022 - 11/01/2024

IDX Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX information is provided exclusively for consumers personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.

Listings courtesy of MARIS MLS as distributed by MLS GRID. Copyright © 2024 Mid America Regional Information System (MARIS). All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 12:23:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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