$10,000 Closing Credit*
$850,000
3,525 SqFt
4 Beds
•3 Full Baths, 1 Partial
Teresa Boyer, Listing Office: KW Empower
Is Lafayette Hill, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Lafayette Hill has remained a Seller's Market.
Key Takeaway
Lafayette Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lafayette Hill, PA
How much do homes in Lafayette Hill, PA cost?
Median Sold Price
$652,000
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$112,000(+20.7%)
Key Takeaway
Homes in Lafayette Hill have sold for 20.7% more than they did a year ago.
Summary: The median home sold price in Lafayette Hill was $652,000 in October 2024, up 20.7% from last year, and the median price per square foot was $277.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $170K | +3.0% |
| 2 Bedrooms | $445K | $240K | -46.1% |
| 3 Bedrooms | $475K | $542.5K | +14.2% |
| 4 Bedrooms | $655K | $762.5K | +16.4% |
| 5+ Bedrooms | $1.0M | $1.0M | +1.0% |
Summary: Lafayette Hill housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3%, 2 bedroom homes decreased by 46.1%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes increased by 1%.
Median Sold Price Compared To Nearby Cities
| Fort Washington | $612.5K | $803.5K | +31.2% |
| Lafayette Hill | $540K | $652K | +20.7% |
| Plymouth Meeting | $477.5K | $550K | +15.2% |
| Whitemarsh Township | $545K | $615K | +12.8% |
| Springfield Township | $452.1K | $480K | +6.2% |
Housing Supply in Lafayette Hill, PA
How many homes are available in Lafayette Hill, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 34 | +25.9% |
Summary: The Lafayette Hill real estate market had 34 homes for sale in October 2024, a 25.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 5 | 10 | +100.0% |
| 4 Bedrooms | 14 | 15 | +7.1% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Lafayette Hill housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lafayette Hill, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Lafayette Hill in October 2024, down by 40.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Lafayette Hill, PA
How long does it take to sell a home in Lafayette Hill, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 10 Days | -56.3% |
Summary: Homes in Lafayette Hill had an average of 10 days on market in Oct 2024, down by 56.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lafayette Hill are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Lafayette Hill; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
