Is Lafayette, CO 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 August 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, CO

How much do homes in Lafayette, CO cost?

Median Sold Price

$724,950

$350/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$29,983(+4.3%)

Key Takeaway

Homes in Lafayette have sold for 4.3% more than they did a year ago.

Summary: The median home sold price in Lafayette was $724,950 in August 2024, up 4.3% from last year, and the median price per square foot was $350.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $315.4K$325K
+3.0%
2 $470K$460K
-2.1%
3 $615K$635.5K
+3.3%
4 $825K$808.1K
-2.0%
5+ $1.1M$1.1M
-2.1%

Summary: Lafayette housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 2.1%.

Median Sold Price Compared To Nearby Cities

Lafayette
+4.3%
Lafayette-Louisville
+1.5%
Erie-Frederick
0.5%
Broomfield
0.3%
Erie
-0.6%

Housing Supply in Lafayette, CO

How many homes are available in Lafayette, CO?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
202212+5.0%

Summary: The Lafayette real estate market had 212 homes for sale in August 2024, a 5.0% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 54
-20.0%
2 2933
+13.8%
3 7174
+4.2%
4 5252
0.0%
5+ 4549
+8.9%

Summary: The Lafayette housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 4.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 8.9%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
5150-2.0%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lafayette, you may be able to get a good deal. 56% of homes here sold below asking price last month.

Summary: A total of 50 homes were sold or pending in Lafayette in August 2024, down by 2.0% month-over-month. Of the 50 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.

Days on Market for Lafayette, CO

How long does it take to sell a home in Lafayette, CO?

Average Sale Time

Aug 2023Aug 2024CHANGE
32 Days40 Days+25.0%

Summary: Homes in Lafayette had an average of 40 days on market in Aug 2024, up by 25% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

5 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 August 2024, 50 homes were sold in Lafayette; 54% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 10% 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 9 Days Ago

Newest Listings in Lafayette, CO

Nearby Markets to Lafayette, CO

What housing markets are near Lafayette, CO?