$2,374 Closing Credit*
$199,900
1,368 SqFt
2 Beds
•1 Full Bath
Lynda Kianka, Listing Office: Acropolis Realty Group LLC
Is LaFayette, 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, LaFayette has remained a Seller's Market.
Key Takeaway
LaFayette is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in LaFayette, NY
How much do homes in LaFayette, NY cost?
Median Sold Price
$275,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,647(+6.0%)
Key Takeaway
Homes in LaFayette have sold for 6% more than they did a year ago.
Summary: The median home sold price in LaFayette was $275,000 in November 2024, up 6% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $138.5K | N/A |
| 2 Bedrooms | $197.5K | $307.5K | +55.7% |
| 3 Bedrooms | $250K | $270.5K | +8.2% |
| 4 Bedrooms | $258.7K | $315K | +21.8% |
| 5+ Bedrooms | $567.5K | $348.9K | -38.5% |
Summary: LaFayette 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 increased by 55.7%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 21.8%, and 5+ bedroom homes decreased by 38.5%.
Median Sold Price Compared To Nearby Cities
| Pompey | $425K | $521.8K | +22.8% |
| 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 LaFayette, NY
How many homes are available in LaFayette, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Summary: The LaFayette real estate market had 17 homes for sale in November 2024, a 6.3% 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The LaFayette 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 increased by 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in LaFayette, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in LaFayette in November 2024, up by 50.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for LaFayette, NY
How long does it take to sell a home in LaFayette, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 30 Days | +89.6% |
Summary: Homes in LaFayette had an average of 30 days on market in Nov 2024, up by 89.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in LaFayette are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in LaFayette; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This 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.