Is Lafayette-Louisville, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lafayette-Louisville is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Lafayette-Louisville, CO

How much do homes in Lafayette-Louisville, CO cost?

Median Sold Price

$794,631

$357/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$16,853(+2.2%)

Key Takeaway

Homes in Lafayette-Louisville have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in Lafayette-Louisville was $794,631 in May 2024, up 2.2% from last year, and the median price per square foot was $357.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $320K$315K
-1.6%
2 $500K$463.7K
-7.2%
3 $676.7K$699K
+3.3%
4 $833.5K$877.4K
+5.3%
5+ $1.1M$1.1M
+1.4%

Summary: Lafayette-Louisville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.6%, 2 bedroom homes decreased by 7.2%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 1.4%.

Median Sold Price Compared To Nearby Cities

Louisville
+4.8%
Lafayette
+3.0%
Superior
+2.4%
Lafayette-Louisville
+2.2%
Broomfield
+2.1%

Housing Supply in Lafayette-Louisville, CO

How many homes are available in Lafayette-Louisville, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
437506+15.8%

Summary: The Lafayette-Louisville real estate market had 506 homes for sale in May 2024, a 15.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 56
+20.0%
2 5368
+28.3%
3 157169
+7.6%
4 121150
+24.0%
5+ 101113
+11.9%

Summary: The Lafayette-Louisville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 28.3%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 24%, and 5+ bedroom homes increased by 11.9%.

Number of Homes Sold

Apr 2024May 2024CHANGE
107134+25.2%

Asking Price vs. Sold Price

61 Homes Were Sold
Under Asking

36 Homes Were Sold
At Asking

37 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lafayette-Louisville, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 134 homes were sold or pending in Lafayette-Louisville in May 2024, up by 25.2% month-over-month. Of the 134 sold homes, 46% were sold under asking, 27% were sold at asking, and 28% were sold over asking.

Days on Market for Lafayette-Louisville, CO

How long does it take to sell a home in Lafayette-Louisville, CO?

Average Sale Time

May 2023May 2024CHANGE
31 Days39 Days+28.6%

Summary: Homes in Lafayette-Louisville had an average of 39 days on market in May 2024, up by 28.6% compared to last year.

Breakdown of Home Sale Times

70 Homes Were Sold
Under 30 Days

51 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 134 homes were sold in Lafayette-Louisville; 52% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 10% 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-Louisville, CO

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