Is Lafayette, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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, CA
How much do homes in Lafayette, CA cost?
Median Sold Price
$1,810,625
$822/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lafayette have sold for 6.6% less than they did a year ago.
Summary: The median home sold price in Lafayette was $1,810,625 in May 2024, down 6.6% from last year, and the median price per square foot was $822.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $725K | $750K | +3.4% |
| 2 Bedrooms | $1.1M | $1.0M | -6.6% |
| 3 Bedrooms | $1.6M | $1.5M | -5.7% |
| 4 Bedrooms | $2.0M | $2.0M | +1.1% |
| 5+ Bedrooms | $3.3M | $2.8M | -14.9% |
Summary: Lafayette housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes decreased by 6.6%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 14.9%.
Median Sold Price Compared To Nearby Cities
| Walnut Creek | $829.2K | $878.2K | +5.9% |
| Moraga | $1.6M | $1.6M | +3.4% |
| Central Contra Costa | $979.5K | $1.0M | +2.1% |
| Orinda | $1.9M | $2.0M | +1.0% |
| Lafayette | $1.9M | $1.8M | -6.6% |
Housing Supply in Lafayette, CA
How many homes are available in Lafayette, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 84 | 95 | +13.1% |
Summary: The Lafayette real estate market had 95 homes for sale in May 2024, a 13.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 22 | 22 | 0.0% |
| 4 Bedrooms | 36 | 37 | +2.8% |
| 5+ Bedrooms | 20 | 29 | +45.0% |
Summary: The Lafayette housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 45%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 36 | +56.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lafayette, you could pay more than the asking price. 64.7% of homes here sold above asking price last month.
Summary: A total of 36 homes were sold or pending in Lafayette in May 2024, up by 56.5% month-over-month. Of the 34 sold homes, 29% were sold under asking, 6% were sold at asking, and 65% were sold over asking.
Days on Market for Lafayette, CA
How long does it take to sell a home in Lafayette, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 22 Days | 13 Days | -38.9% |
Summary: Homes in Lafayette had an average of 13 days on market in May 2024, down by 38.9% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 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 May 2024, 36 homes were sold in Lafayette; 83% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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