Is Lafayette-Louisville, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lafayette-Louisville has remained a Seller's Market.
Housing Prices in Lafayette-Louisville, CO
How much do homes in Lafayette-Louisville, CO cost?
Median Sold Price
$794,810
$357/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $322.5K | $315K | -2.3% |
2 Bedrooms | $515K | $463.7K | -10.0% |
3 Bedrooms | $679K | $707.6K | +4.2% |
4 Bedrooms | $848.5K | $872K | +2.8% |
5+ Bedrooms | $1.1M | $1.1M | -1.8% |
Summary: Lafayette-Louisville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.3%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 1.8%.
Median Sold Price Compared To Nearby Cities
Superior | $811K | $825K | +1.7% |
Lafayette | $735.8K | $742.7K | +0.9% |
Broomfield | $619.3K | $624.5K | +0.8% |
Lafayette-Louisville | $795K | $794.8K | 0% |
Louisville | $855K | $850K | -0.6% |
Housing Supply in Lafayette-Louisville, CO
How many homes are available in Lafayette-Louisville, CO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
311 | 407 | +30.9% |
Summary: The Lafayette-Louisville real estate market had 407 homes for sale in April 2024, a 30.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 6 | +100.0% |
2 Bedrooms | 34 | 54 | +58.8% |
3 Bedrooms | 105 | 146 | +39.0% |
4 Bedrooms | 88 | 108 | +22.7% |
5+ Bedrooms | 81 | 93 | +14.8% |
Summary: The Lafayette-Louisville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 58.8%, 3 bedroom homes increased by 39%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes increased by 14.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
75 | 103 | +37.3% |
Asking Price vs. Sold Price
55 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 103 homes were sold or pending in Lafayette-Louisville in April 2024, up by 37.3% month-over-month. Of the 103 sold homes, 53% were sold under asking, 26% were sold at asking, and 20% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 45 Days | +11.8% |
Summary: Homes in Lafayette-Louisville had an average of 45 days on market in Apr 2024, up by 11.8% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
53 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 103 homes were sold in Lafayette-Louisville; 40% of homes were sold within 30 days, 51% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.