Is LaFayette, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, LaFayette was a Buyer'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, NY
How much do homes in LaFayette, NY cost?
Median Sold Price
$265,500
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in LaFayette has remained the same since last year.
Summary: The median home sold price in LaFayette was $265,500 in May 2024, up 0.2% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $138.5K | N/A |
| 2 Bedrooms | $220K | $185K | -15.9% |
| 3 Bedrooms | $253K | $275K | +8.7% |
| 4 Bedrooms | $264.3K | $245K | -7.3% |
| 5+ Bedrooms | $323.5K | $786.7K | +143.2% |
Summary: LaFayette housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.9%, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes increased by 143.2%.
Median Sold Price Compared To Nearby Cities
| Jamesville | $350K | $401.2K | +14.6% |
| Onondaga | $263K | $270K | +2.7% |
| LaFayette | $265K | $265.5K | 0.2% |
| Pompey | $448.5K | $431K | -3.9% |
Housing Supply in LaFayette, NY
How many homes are available in LaFayette, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Summary: The LaFayette real estate market had 6 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 0 | -100.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The LaFayette housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in LaFayette, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in LaFayette in May 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for LaFayette, NY
How long does it take to sell a home in LaFayette, NY?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was 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, 2 homes were sold in LaFayette; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
