Is La Fayette, GA 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, La Fayette has remained a Seller's Market.
Housing Prices in La Fayette, GA
How much do homes in La Fayette, GA cost?
Median Sold Price
$210,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in La Fayette was $210,000 in April 2024, up 4.7% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $42K | $206K | +390.5% |
2 Bedrooms | $135K | $160K | +18.5% |
3 Bedrooms | $204.9K | $219.9K | +7.3% |
4 Bedrooms | $239.9K | $250K | +4.2% |
5+ Bedrooms | $492K | $450K | -8.5% |
Summary: La Fayette housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 390.5%, 2 bedroom homes increased by 18.5%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 8.5%.
Median Sold Price Compared To Nearby Cities
LaFayette | $182.4K | $199K | +9.1% |
La Fayette | $200.5K | $210K | +4.7% |
Rock Spring | $295K | $285K | -3.4% |
Housing Supply in La Fayette, GA
How many homes are available in La Fayette, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
145 | 149 | +2.8% |
Summary: The La Fayette real estate market had 149 homes for sale in April 2024, a 2.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 29 | 24 | -17.2% |
3 Bedrooms | 95 | 100 | +5.3% |
4 Bedrooms | 17 | 22 | +29.4% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The La Fayette housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 17.2%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 31 | -16.2% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in La Fayette in April 2024, down by 16.2% month-over-month. Of the 30 sold homes, 57% were sold under asking, 10% were sold at asking, and 33% were sold over asking.
Days on Market for La Fayette, GA
How long does it take to sell a home in La Fayette, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 28 Days | -4.4% |
Summary: Homes in La Fayette had an average of 28 days on market in Apr 2024, down by 4.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 31 homes were sold in La Fayette; 23% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.