Is Lafayette, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lafayette is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Lafayette has remained a Seller's Market.

Key Takeaway

Lafayette is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lafayette, WI

How much do homes in Lafayette, WI cost?

Median Sold Price

$483,750

$181/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$33,750(-6.5%)

Key Takeaway

Homes in Lafayette have sold for 6.5% less than they did a year ago.

Summary: The median home sold price in Lafayette was $483,750 in October 2024, down 6.5% from last year, and the median price per square foot was $181.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$86K
N/A
2 $525K$266K
-49.3%
3 $406K$575.1K
+41.7%
4 $575K$525K
-8.7%
5+ $605K-
N/A

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 decreased by 49.3%, 3 bedroom homes increased by 41.7%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Geneva
+7.6%
Elkhorn
+7.1%
Troy
+3.1%
Lafayette
-6.5%

Housing Supply in Lafayette, WI

How many homes are available in Lafayette, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
53-40.0%

Summary: The Lafayette real estate market had 3 homes for sale in October 2024, a 40.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 10
-100.0%
3 11
0.0%
4 21
-50.0%
5+ 00
0.0%

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 decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lafayette, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Lafayette in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Lafayette, WI

We’re sorry, we don't have information for this market at the moment

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

Report Updated 20 Days Ago

Newest Listings in Lafayette, WI

Nearby Markets to Lafayette, WI

What housing markets are near Lafayette, WI?