Is Lafayette, CO 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, CO
How much do homes in Lafayette, CO cost?
Median Sold Price
$720,266
$358/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lafayette was $720,266 in March 2024, up 3.4% from last year, and the median price per square foot was $358.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $315.4K | $305K | -3.3% |
2 Bedrooms | $487K | $451.5K | -7.3% |
3 Bedrooms | $615K | $640K | +4.1% |
4 Bedrooms | $825K | $800K | -3.0% |
5+ Bedrooms | $1.2M | $1.1M | -8.1% |
Summary: Lafayette housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes decreased by 7.3%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 8.1%.
Median Sold Price Compared To Nearby Cities
Lafayette | $696.5K | $720.2K | +3.4% |
Broomfield | $609.1K | $615.4K | +1.0% |
Erie | $727.4K | $726.2K | -0.2% |
Lafayette-Louisville | $782.3K | $779.7K | -0.3% |
Erie-Frederick | $595K | $590.3K | -0.8% |
Housing Supply in Lafayette, CO
How many homes are available in Lafayette, CO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
165 | 180 | +9.1% |
Summary: The Lafayette real estate market had 180 homes for sale in March 2024, a 9.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 2 | -50.0% |
2 Bedrooms | 19 | 16 | -15.8% |
3 Bedrooms | 64 | 80 | +25.0% |
4 Bedrooms | 49 | 43 | -12.2% |
5+ Bedrooms | 29 | 39 | +34.5% |
Summary: The Lafayette housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 15.8%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 12.2%, and 5+ bedroom homes increased by 34.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
48 | 53 | +10.4% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 53 homes were sold or pending in Lafayette in March 2024, up by 10.4% month-over-month. Of the 53 sold homes, 36% were sold under asking, 28% were sold at asking, and 36% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
35 Days | 37 Days | +6.1% |
Summary: Homes in Lafayette had an average of 37 days on market in Mar 2024, up by 6.1% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 53 homes were sold in Lafayette; 58% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.