Is Lafayette Hill, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Lafayette Hill was a Neutral Market.
Housing Prices in Lafayette Hill, PA
How much do homes in Lafayette Hill, PA cost?
Median Sold Price
$980,000
$264/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Lafayette Hill was $980,000 in April 2024, up 59.6% from last month, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | - | $600K | N/A |
4 Bedrooms | $614K | $1.0M | +64.1% |
5+ Bedrooms | - | $1.1M | N/A |
Summary: Lafayette Hill housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 64.1%, and 5+ bedroom homes did not change.
Housing Supply in Lafayette Hill, PA
How many homes are available in Lafayette Hill, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 27 | +35.0% |
Summary: The Lafayette Hill real estate market had 27 homes for sale in April 2024, a 35.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 8 | 13 | +62.5% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Lafayette Hill 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 remained the same, 3 bedroom homes increased by 62.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Lafayette Hill in April 2024, up by 66.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for Lafayette Hill, PA
How long does it take to sell a home in Lafayette Hill, PA?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 4 Days | -78.8% |
Summary: Homes in Lafayette Hill had an average of 4 days on market in Apr 2024, down by 78.8% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Lafayette Hill; 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.