$5,403 Closing Credit*
$455,000
1,868 SqFt
3 Beds
•2 Full Baths
Francisco Stoller, Listing Office: Earnest Real Estate
Is Lafayette, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Lafayette was a Seller's Market.
Key Takeaway
Lafayette is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Lafayette, OR
How much do homes in Lafayette, OR cost?
Median Sold Price
$487,000
$289/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$34,258(+7.6%)
Key Takeaway
Homes in Lafayette have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Lafayette was $487,000 in October 2024, up 7.6% from last year, and the median price per square foot was $289.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $335K | - | N/A |
| 3 Bedrooms | $446.4K | $464.9K | +4.1% |
| 4 Bedrooms | $474.9K | $542.4K | +14.2% |
| 5+ Bedrooms | $578.9K | $564.1K | -2.6% |
Summary: Lafayette housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 14.2%, and 5+ bedroom homes decreased by 2.6%.
Median Sold Price Compared To Nearby Cities
| Lafayette | $452.7K | $487K | +7.6% |
| Dayton-Amity | $465K | $466K | 0.2% |
Housing Supply in Lafayette, OR
How many homes are available in Lafayette, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 37 | 0.0% |
Summary: The Lafayette real estate market had 37 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 20 | 19 | -5.0% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Lafayette housing inventory by bedroom type for October 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 5%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lafayette, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Lafayette in October 2024, up by 100.0% month-over-month. Of the 6 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Lafayette, OR
How long does it take to sell a home in Lafayette, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 65 Days | +224.8% |
Summary: Homes in Lafayette had an average of 65 days on market in Oct 2024, up by 224.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 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 October 2024, 6 homes were sold in Lafayette; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.