Is Lafayette Township, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Lafayette Township has remained a Seller's Market.
Housing Prices in Lafayette Township, MO
How much do homes in Lafayette Township, MO cost?
Median Sold Price
$433,666
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lafayette Township was $433,666 in May 2024, up 3.6% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $178.7K | $165K | -7.7% |
2 Bedrooms | $222.5K | $245K | +10.1% |
3 Bedrooms | $365K | $381K | +4.4% |
4 Bedrooms | $459.9K | $485.7K | +5.6% |
5+ Bedrooms | $515K | $560K | +8.7% |
Summary: Lafayette Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.7%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 8.7%.
Median Sold Price Compared To Nearby Cities
Winchester | $196.5K | $220K | +12.0% |
Ballwin | $341.6K | $369.8K | +8.3% |
Chesterfield | $488.9K | $527.6K | +7.9% |
Lafayette Township | $418.5K | $433.6K | +3.6% |
Clarkson Valley | $861.2K | $880K | +2.2% |
Housing Supply in Lafayette Township, MO
How many homes are available in Lafayette Township, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
97 | 97 | 0.0% |
Summary: The Lafayette Township real estate market had 97 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 15 | 11 | -26.7% |
3 Bedrooms | 42 | 35 | -16.7% |
4 Bedrooms | 34 | 44 | +29.4% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Lafayette Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 26.7%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
41 | 34 | -17.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Lafayette Township in May 2024, down by 17.1% month-over-month. Of the 34 sold homes, 15% were sold under asking, 9% were sold at asking, and 76% were sold over asking.
Days on Market for Lafayette Township, MO
How long does it take to sell a home in Lafayette Township, MO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
11 Days | 10 Days | -2.9% |
Summary: Homes in Lafayette Township had an average of 10 days on market in May 2024, down by 2.9% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 34 homes were sold in Lafayette Township; 88% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.