Is Lafayette, CO 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.
Housing Prices in Lafayette, CO
How much do homes in Lafayette, CO cost?
Median Sold Price
$744,916
$362/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lafayette was $744,916 in May 2024, up 3% from last year, and the median price per square foot was $362.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $313.5K | $315K | 0.5% |
2 Bedrooms | $478.5K | $500K | +4.5% |
3 Bedrooms | $630.5K | $650K | +3.1% |
4 Bedrooms | $818.5K | $832.5K | +1.7% |
5+ Bedrooms | $1.2M | $1.1M | -7.4% |
Summary: Lafayette housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.5%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 7.4%.
Median Sold Price Compared To Nearby Cities
Lafayette | $723K | $744.9K | +3.0% |
Lafayette-Louisville | $777.7K | $794.6K | +2.2% |
Broomfield | $612.2K | $625K | +2.1% |
Erie | $730K | $735.3K | +0.7% |
Erie-Frederick | $600K | $599.6K | -0.1% |
Housing Supply in Lafayette, CO
How many homes are available in Lafayette, CO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
213 | 241 | +13.1% |
Summary: The Lafayette real estate market had 241 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 | 3 | 4 | +33.3% |
2 Bedrooms | 25 | 30 | +20.0% |
3 Bedrooms | 93 | 99 | +6.5% |
4 Bedrooms | 51 | 63 | +23.5% |
5+ Bedrooms | 41 | 45 | +9.8% |
Summary: The Lafayette housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes increased by 9.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
53 | 68 | +28.3% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 68 homes were sold or pending in Lafayette in May 2024, up by 28.3% month-over-month. Of the 68 sold homes, 51% were sold under asking, 28% were sold at asking, and 21% were sold over asking.
Days on Market for Lafayette, CO
How long does it take to sell a home in Lafayette, CO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
29 Days | 43 Days | +49.9% |
Summary: Homes in Lafayette had an average of 43 days on market in May 2024, up by 49.9% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During May 2024, 68 homes were sold in Lafayette; 49% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.