$6,150 Closing Credit*
$517,900
1,907 SqFt
4 Beds
•2 Full Baths
Amanda Rose Donahue, Listing Office: Keller Williams Real Estate-Blue Bell
Is Lafayette Hill, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$97,000(+17.5%)
Key Takeaway
Homes in Lafayette Hill have sold for 17.5% more than they did a year ago.
Summary: The median home sold price in Lafayette Hill was $652,000 in November 2024, up 17.5% from last year, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $234.5K | +42.1% |
| 2 Bedrooms | $445K | $235K | -47.2% |
| 3 Bedrooms | $481K | $545K | +13.3% |
| 4 Bedrooms | $680K | $762.5K | +12.1% |
| 5+ Bedrooms | $882.5K | $1.1M | +24.6% |
Summary: Lafayette Hill housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.1%, 2 bedroom homes decreased by 47.2%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 24.6%.
Median Sold Price Compared To Nearby Cities
| Fort Washington | $590K | $807K | +36.8% |
| Lafayette Hill | $555K | $652K | +17.5% |
| Plymouth Meeting | $495K | $550K | +11.1% |
| Whitemarsh Township | $574K | $620K | +8.0% |
| Springfield Township | $455K | $480.8K | +5.7% |
Housing Supply in Lafayette Hill, PA
How many homes are available in Lafayette Hill, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 30 | -3.2% |
Summary: The Lafayette Hill real estate market had 30 homes for sale in November 2024, a 3.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 15 | 16 | +6.7% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Lafayette Hill housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 66.7%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 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. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Lafayette Hill in November 2024, up by 14.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 23 Days | -14.8% |
Summary: Homes in Lafayette Hill had an average of 23 days on market in Nov 2024, down by 14.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lafayette Hill are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Lafayette Hill; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
