Is LaFayette, 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, LaFayette has remained a Seller's Market.
Housing Prices in LaFayette, GA
How much do homes in LaFayette, GA cost?
Median Sold Price
$199,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in LaFayette was $199,000 in April 2024, up 9.1% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $40K | $127K | +217.5% |
2 Bedrooms | $127.2K | $159.9K | +25.7% |
3 Bedrooms | $199.9K | $200.4K | 0.3% |
4 Bedrooms | $229K | $240K | +4.8% |
5+ Bedrooms | $360K | $294.9K | -18.1% |
Summary: LaFayette housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 217.5%, 2 bedroom homes increased by 25.7%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 18.1%.
Median Sold Price Compared To Nearby Cities
LaFayette | $182.4K | $199K | +9.1% |
La Fayette | $200.5K | $210K | +4.7% |
Housing Supply in LaFayette, GA
How many homes are available in LaFayette, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
103 | 106 | +2.9% |
Summary: The LaFayette real estate market had 106 homes for sale in April 2024, a 2.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 22 | 17 | -22.7% |
3 Bedrooms | 68 | 73 | +7.4% |
4 Bedrooms | 12 | 15 | +25.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The LaFayette housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.7%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 23 | +4.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in LaFayette in April 2024, up by 4.5% month-over-month. Of the 22 sold homes, 55% were sold under asking, 5% were sold at asking, and 41% were sold over asking.
Days on Market for LaFayette, GA
How long does it take to sell a home in LaFayette, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
5 Days | 17 Days | +245.0% |
Summary: Homes in LaFayette had an average of 17 days on market in Apr 2024, up by 245% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in LaFayette; 22% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.