$3,443 Closing Credit*
$289,900
2,440 SqFt
4 Beds
•3 Full Baths
Teresa M Hoxie, Listing Office: Howard Hanna Real Estate
Is LaFayette, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, LaFayette was a Seller's Market.
Key Takeaway
LaFayette is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
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 December 2023
+$9,000(+3.4%)
Key Takeaway
Homes in LaFayette have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in LaFayette was $275,000 in December 2024, up 3.4% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $138.5K | N/A |
| 2 Bedrooms | $197.5K | $307.5K | +55.7% |
| 3 Bedrooms | $265.5K | $265K | -0.2% |
| 4 Bedrooms | $273.6K | $385K | +40.7% |
| 5+ Bedrooms | $750K | $348.9K | -53.5% |
Summary: LaFayette housing prices by bedroom type for December 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 decreased by 0.2%, 4 bedroom homes increased by 40.7%, and 5+ bedroom homes decreased by 53.5%.
Median Sold Price Compared To Nearby Cities
| Jamesville | $362K | $475K | +31.2% |
| Pompey | $437K | $521.8K | +19.4% |
| Onondaga | $265.7K | $317K | +19.3% |
| LaFayette | $266K | $275K | +3.4% |
| La Fayette | $305.4K | $245K | -19.8% |
Housing Supply in LaFayette, NY
How many homes are available in LaFayette, NY?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 18 | 11 | -38.9% |
Summary: The LaFayette real estate market had 11 homes for sale in December 2024, a 38.9% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 5 | -44.4% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The LaFayette housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 44.4%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 7 | 1 | -85.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in LaFayette, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in LaFayette in December 2024, down by 85.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 9 Days | 15 Days | +66.7% |
Summary: Homes in LaFayette had an average of 15 days on market in Dec 2024, up by 66.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in LaFayette are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 1 homes were sold in LaFayette; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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.