Is Lafayette, CO 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 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, 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

+$21,916(+3.0%)

Key Takeaway

Homes in Lafayette have sold for 3% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $313.5K$315K
0.5%
2 $478.5K$500K
+4.5%
3 $630.5K$650K
+3.1%
4 $818.5K$832.5K
+1.7%
5+ $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
+3.0%
Lafayette-Louisville
+2.2%
Broomfield
+2.1%
Erie
+0.7%
Erie-Frederick
-0.1%

Housing Supply in Lafayette, CO

How many homes are available in Lafayette, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
213241+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

# BEDSApr 2024May 2024CHANGE
1 34
+33.3%
2 2530
+20.0%
3 9399
+6.5%
4 5163
+23.5%
5+ 4145
+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 2024May 2024CHANGE
5368+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lafayette, you may be able to get a good deal. 51.5% of homes here sold below asking price last month.

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 2023May 2024CHANGE
29 Days43 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lafayette are selling fast, if you're buying plan to act quickly.

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.

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

Report Updated 1 Day Ago

Newest Listings in Lafayette, CO

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What housing markets are near Lafayette, CO?