Is West Lafayette, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Lafayette is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, West Lafayette has remained a Seller'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

$174,250

$129/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$16,800(+10.7%)

Key Takeaway

Homes in West Lafayette have sold for 10.7% more than they did a year ago.

Summary: The median home sold price in West Lafayette was $174,250 in December 2024, up 10.7% from last year, and the median price per square foot was $129.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $90K-
N/A
2 $95K$89.9K
-5.4%
3 $177.5K$174.2K
-1.8%
4 $124.7K$205K
+64.3%
5+ $375K-
N/A

Summary: West 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 decreased by 5.4%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 64.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Lafayette Township
+20.2%
West Lafayette
+10.7%

Housing Supply in West Lafayette, OH

How many homes are available in West Lafayette, OH?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
98-11.1%

Summary: The West Lafayette real estate market had 8 homes for sale in December 2024, a 11.1% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 34
+33.3%
4 33
0.0%
5+ 00
0.0%

Summary: The West 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 decreased by 66.7%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Lafayette, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in West Lafayette in December 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Dec 2023Dec 2024CHANGE
42 Days75 Days+77.7%

Summary: Homes in West Lafayette had an average of 75 days on market in Dec 2024, up by 77.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in West Lafayette are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 3 homes were sold in West Lafayette; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in West Lafayette, OH

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