Is LaFayette, NY 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, NY
How much do homes in LaFayette, NY cost?
Median Sold Price
$265,500
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in LaFayette was $265,500 in April 2024, up 0.2% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $138.5K | N/A |
2 Bedrooms | $220K | $222.5K | +1.1% |
3 Bedrooms | $265K | $270.5K | +2.1% |
4 Bedrooms | $258.7K | $245K | -5.3% |
5+ Bedrooms | $323.5K | $786.7K | +143.2% |
Summary: LaFayette housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 143.2%.
Median Sold Price Compared To Nearby Cities
Jamesville | $340K | $402.5K | +18.4% |
Onondaga | $256.2K | $280K | +9.3% |
Pompey | $422K | $456K | +8.1% |
LaFayette | $265K | $265.5K | 0.2% |
Housing Supply in LaFayette, NY
How many homes are available in LaFayette, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 4 | -42.9% |
Summary: The LaFayette real estate market had 4 homes for sale in April 2024, a 42.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 3 | 1 | -66.7% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The LaFayette housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in LaFayette in April 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for LaFayette, NY
How long does it take to sell a home in LaFayette, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 6 Days | -76.9% |
Summary: Homes in LaFayette had an average of 6 days on market in Apr 2024, down by 76.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 1 homes were sold in LaFayette; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.