$100
0.85 Acres
Land
Bob R Roach, Listing Office: Ownerland Realty, Inc.
Is West Lafayette, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, West Lafayette was a Buyer's Market.
Key Takeaway
West Lafayette is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Lafayette, OH
How much do homes in West Lafayette, OH cost?
Median Sold Price
$162,000
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$8,000(-4.7%)
Key Takeaway
Homes in West Lafayette have sold for 4.7% less than they did a year ago.
Summary: The median home sold price in West Lafayette was $162,000 in November 2024, down 4.7% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $90K | N/A |
| 2 Bedrooms | $105K | $87.4K | -16.7% |
| 3 Bedrooms | $177.5K | $174.2K | -1.8% |
| 4 Bedrooms | $124.7K | $186K | +49.1% |
| 5+ Bedrooms | $375K | - | N/A |
Summary: West 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 decreased by 16.7%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 49.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lafayette Township | $162.4K | $162K | -0.3% |
| West Lafayette | $170K | $162K | -4.7% |
Housing Supply in West Lafayette, OH
How many homes are available in West Lafayette, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 7 | -41.7% |
Summary: The West Lafayette real estate market had 7 homes for sale in November 2024, a 41.7% decrease 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 | 3 | +50.0% |
| 3 Bedrooms | 8 | 2 | -75.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The West 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 50%, 3 bedroom homes decreased by 75%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in West Lafayette, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in West Lafayette in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for West Lafayette, OH
How long does it take to sell a home in West Lafayette, OH?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 4 Days | 51 Days | +1175.0% |
Summary: Homes in West Lafayette had an average of 51 days on market in Nov 2024, up by 1175% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in West Lafayette has remained consistent over time.
Summary: During November 2024, 2 homes were sold in West Lafayette; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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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. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2024 DABR MLS. All Rights Reserved