$3,563 Closing Credit*
$300,000
3 Beds
•1 Full Bath, 1 Partial
Listing Office: CLEARVIEW REALTY
Is Lafayette Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Lafayette Township was a Neutral 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, NJ
How much do homes in Lafayette Township, NJ cost?
Median Sold Price
$420,000
-
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$42,500(-9.2%)
Key Takeaway
Homes in Lafayette Township have sold for 9.2% less than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $187.5K | $230K | +22.7% |
| 2 Bedrooms | $290K | $316.5K | +9.1% |
| 3 Bedrooms | $437.3K | $380K | -13.1% |
| 4 Bedrooms | $635K | $669K | +5.4% |
| 5+ Bedrooms | $695K | $827.5K | +19.1% |
Summary: Lafayette Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.7%, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 13.1%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 19.1%.
Median Sold Price Compared To Nearby Cities
| Sparta Township | $525K | $550K | +4.8% |
| Sparta | $525K | $550K | +4.8% |
| Lafayette | $445K | $425K | -4.5% |
| Lafayette Township | $462.5K | $420K | -9.2% |
Housing Supply in Lafayette Township, NJ
How many homes are available in Lafayette Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 26 | +18.2% |
Summary: The Lafayette Township real estate market had 26 homes for sale in October 2024, a 18.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 5 | 9 | +80.0% |
| 4 Bedrooms | 9 | 9 | 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 increased by 80%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 7 | +600.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lafayette Township, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Lafayette Township in October 2024, up by 600.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% were sold over asking.
Days on Market for Lafayette Township, NJ
We’re sorry, we don't have information for this market at the moment
