Is Lafayette, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$1,823,333
$828/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Lafayette was $1,823,333 in June 2024, down 5.3% from last year, and the median price per square foot was $828.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $725K | $750K | +3.4% |
2 Bedrooms | $1.1M | $1.0M | -5.9% |
3 Bedrooms | $1.6M | $1.5M | -4.8% |
4 Bedrooms | $2.0M | $2.0M | +1.9% |
5+ Bedrooms | $3.2M | $2.8M | -14.5% |
Summary: Lafayette housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 14.5%.
Median Sold Price Compared To Nearby Cities
Orinda | $1.9M | $2.0M | +5.4% |
Walnut Creek | $842.7K | $875.4K | +3.9% |
Central Contra Costa | $972.2K | $1.0M | +3.0% |
Moraga | $1.6M | $1.6M | +1.5% |
Lafayette | $1.9M | $1.8M | -5.3% |
Housing Supply in Lafayette, CA
How many homes are available in Lafayette, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
90 | 95 | +5.6% |
Summary: The Lafayette real estate market had 95 homes for sale in June 2024, a 5.6% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 5 | 7 | +40.0% |
3 Bedrooms | 20 | 18 | -10.0% |
4 Bedrooms | 36 | 43 | +19.4% |
5+ Bedrooms | 28 | 25 | -10.7% |
Summary: The Lafayette housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes decreased by 10.7%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
37 | 23 | -37.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Lafayette in June 2024, down by 37.8% month-over-month. Of the 20 sold homes, 30% were sold under asking, 25% were sold at asking, and 45% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
31 Days | 27 Days | -13.1% |
Summary: Homes in Lafayette had an average of 27 days on market in Jun 2024, down by 13.1% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 23 homes were sold in Lafayette; 70% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.