$7,481 Closing Credit*
$630,000
3,702 SqFt
4 Beds
•3 Full Baths, 1 Partial
#1585261, The Germain Group, Listing Office: Woods & Water Realty Inc/Regional Office
Is Lafayette, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Lafayette was a Seller's Market.
Key Takeaway
Lafayette is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lafayette, WI
How much do homes in Lafayette, WI cost?
Median Sold Price
$410,000
$180/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$140,000(-25.5%)
Key Takeaway
Homes in Lafayette have sold for 25.5% less than they did a month ago.
Summary: The median home sold price in Lafayette was $410,000 in October 2024, down 25.5% from last month, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $550K | $325K | -40.9% |
| 4 Bedrooms | $470K | $435K | -7.4% |
| 5+ Bedrooms | $400K | $524.5K | +31.1% |
Summary: Lafayette housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 40.9%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes increased by 31.1%.
Median Sold Price Compared To Nearby Cities
| Eagle Point | $252.5K | $570K | +125.7% |
| Sigel | $767K | $900K | +17.3% |
| Chippewa Falls | $350K | $295K | -15.7% |
| Anson | $767.5K | $576K | -25.0% |
| Lafayette | $550K | $410K | -25.5% |
Housing Supply in Lafayette, WI
How many homes are available in Lafayette, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 51 | 53 | +3.9% |
Summary: The Lafayette real estate market had 53 homes for sale in October 2024, a 3.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 23 | 20 | -13.0% |
| 4 Bedrooms | 14 | 18 | +28.6% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Lafayette housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 13%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 6 | -60.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lafayette, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Lafayette in October 2024, down by 60.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for Lafayette, WI
How long does it take to sell a home in Lafayette, WI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 59 Days | 166 Days | +178.2% |
Summary: Homes in Lafayette had an average of 166 days on market in Oct 2024, up by 178.2% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Lafayette are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 6 homes were sold in Lafayette; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
