$4,749 Closing Credit*
$399,900
2,208 SqFt
3 Beds
•2 Full Baths, 1 Partial
Elizabeth Gaulin, Listing Office: Hunt Real Estate ERA
Is La Fayette, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, La Fayette has remained a Seller's Market.
Key Takeaway
La Fayette is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in La Fayette, NY
How much do homes in La Fayette, NY cost?
Median Sold Price
$265,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$23,500(-8.1%)
Key Takeaway
Homes in La Fayette have sold for 8.1% less than they did a year ago.
Summary: The median home sold price in La Fayette was $265,000 in November 2024, down 8.1% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $138.5K | N/A |
| 2 Bedrooms | $197.5K | $155K | -21.5% |
| 3 Bedrooms | $301K | $266K | -11.6% |
| 4 Bedrooms | $288.5K | $245K | -15.1% |
| 5+ Bedrooms | $385K | $289.9K | -24.7% |
Summary: La Fayette housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 21.5%, 3 bedroom homes decreased by 11.6%, 4 bedroom homes decreased by 15.1%, and 5+ bedroom homes decreased by 24.7%.
Median Sold Price Compared To Nearby Cities
| Jamesville | $361K | $440K | +21.9% |
| Onondaga | $275K | $300K | +9.1% |
| LaFayette | $259.3K | $275K | +6.0% |
| La Fayette | $288.5K | $265K | -8.1% |
Housing Supply in La Fayette, NY
How many homes are available in La Fayette, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 16 | +6.7% |
Summary: The La Fayette real estate market had 16 homes for sale in November 2024, a 6.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The La Fayette 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in La Fayette, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in La Fayette in November 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for La Fayette, NY
How long does it take to sell a home in La Fayette, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 42 Days | 28 Days | -32.9% |
Summary: Homes in La Fayette had an average of 28 days on market in Nov 2024, down by 32.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in La Fayette are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in La Fayette; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
