Is Lafayette, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lafayette is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Lafayette has remained a Seller's Market.

Key Takeaway

Lafayette is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lafayette, CA

How much do homes in Lafayette, CA cost?

Median Sold Price

$1,810,625

$822/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$128,375(-6.6%)

Key Takeaway

Homes in Lafayette have sold for 6.6% less than they did a year ago.

Summary: The median home sold price in Lafayette was $1,810,625 in May 2024, down 6.6% from last year, and the median price per square foot was $822.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $725K$750K
+3.4%
2 $1.1M$1.0M
-6.6%
3 $1.6M$1.5M
-5.7%
4 $2.0M$2.0M
+1.1%
5+ $3.3M$2.8M
-14.9%

Summary: Lafayette housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes decreased by 6.6%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 14.9%.

Median Sold Price Compared To Nearby Cities

Walnut Creek
+5.9%
Moraga
+3.4%
Central Contra Costa
+2.1%
Orinda
+1.0%
Lafayette
-6.6%

Housing Supply in Lafayette, CA

How many homes are available in Lafayette, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
8495+13.1%

Summary: The Lafayette real estate market had 95 homes for sale in May 2024, a 13.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 12
+100.0%
2 55
0.0%
3 2222
0.0%
4 3637
+2.8%
5+ 2029
+45.0%

Summary: The Lafayette housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 45%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2336+56.5%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lafayette, you could pay more than the asking price. 64.7% of homes here sold above asking price last month.

Summary: A total of 36 homes were sold or pending in Lafayette in May 2024, up by 56.5% month-over-month. Of the 34 sold homes, 29% were sold under asking, 6% were sold at asking, and 65% 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

May 2023May 2024CHANGE
22 Days13 Days-38.9%

Summary: Homes in Lafayette had an average of 13 days on market in May 2024, down by 38.9% compared to last year.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lafayette are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 36 homes were sold in Lafayette; 83% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

Newest Listings in Lafayette, CA

Nearby Markets to Lafayette, CA

What housing markets are near Lafayette, CA?