Is Lafayette, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Lafayette has remained a Seller's Market.
Housing Prices in Lafayette, CA
How much do homes in Lafayette, CA cost?
Median Sold Price
$1,850,000
$811/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lafayette was $1,850,000 in March 2024, down 5.7% from last year, and the median price per square foot was $811.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $725K | - | N/A |
2 Bedrooms | $1.1M | $1.1M | -4.3% |
3 Bedrooms | $1.6M | $1.5M | -7.1% |
4 Bedrooms | $2.1M | $2.0M | -2.3% |
5+ Bedrooms | $3.6M | $2.7M | -26.3% |
Summary: Lafayette housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.3%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes decreased by 26.3%.
Median Sold Price Compared To Nearby Cities
Moraga | $1.6M | $1.6M | +2.8% |
Walnut Creek | $850K | $862.1K | +1.4% |
Orinda | $2.0M | $2.0M | -0.4% |
Central Contra Costa | $1.0M | $983.6K | -1.7% |
Lafayette | $1.9M | $1.8M | -5.7% |
Housing Supply in Lafayette, CA
How many homes are available in Lafayette, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
53 | 70 | +32.1% |
Summary: The Lafayette real estate market had 70 homes for sale in March 2024, a 32.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 15 | 21 | +40.0% |
4 Bedrooms | 21 | 25 | +19.0% |
5+ Bedrooms | 10 | 16 | +60.0% |
Summary: The Lafayette housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 19%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 23 | +43.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Lafayette in March 2024, up by 43.8% month-over-month. Of the 23 sold homes, 39% were sold under asking, 4% were sold at asking, and 57% were sold over asking.
Days on Market for Lafayette, CA
How long does it take to sell a home in Lafayette, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
21 Days | 37 Days | +73.4% |
Summary: Homes in Lafayette had an average of 37 days on market in Mar 2024, up by 73.4% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 23 homes were sold in Lafayette; 78% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.