Is Lafayette-Louisville, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lafayette-Louisville is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Lafayette-Louisville, CO

How much do homes in Lafayette-Louisville, CO cost?

Median Sold Price

$794,810

$357/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$189(0%)

Key Takeaway

The sold price of homes in Lafayette-Louisville has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $322.5K$315K
-2.3%
2 $515K$463.7K
-10.0%
3 $679K$707.6K
+4.2%
4 $848.5K$872K
+2.8%
5+ $1.1M$1.1M
-1.8%

Summary: Lafayette-Louisville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.3%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 1.8%.

Median Sold Price Compared To Nearby Cities

Superior
+1.7%
Lafayette
+0.9%
Broomfield
+0.8%
Lafayette-Louisville
0%
Louisville
-0.6%

Housing Supply in Lafayette-Louisville, CO

How many homes are available in Lafayette-Louisville, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
311407+30.9%

Summary: The Lafayette-Louisville real estate market had 407 homes for sale in April 2024, a 30.9% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 36
+100.0%
2 3454
+58.8%
3 105146
+39.0%
4 88108
+22.7%
5+ 8193
+14.8%

Summary: The Lafayette-Louisville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 58.8%, 3 bedroom homes increased by 39%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes increased by 14.8%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
75103+37.3%

Asking Price vs. Sold Price

55 Homes Were Sold
Under Asking

27 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lafayette-Louisville, you may be able to get a good deal. 53.4% of homes here sold below asking price last month.

Summary: A total of 103 homes were sold or pending in Lafayette-Louisville in April 2024, up by 37.3% month-over-month. Of the 103 sold homes, 53% were sold under asking, 26% were sold at asking, and 20% were sold over asking.

Days on Market for Lafayette-Louisville, CO

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

Average Sale Time

Apr 2023Apr 2024CHANGE
40 Days45 Days+11.8%

Summary: Homes in Lafayette-Louisville had an average of 45 days on market in Apr 2024, up by 11.8% compared to last year.

Breakdown of Home Sale Times

41 Homes Were Sold
Under 30 Days

53 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Lafayette-Louisville has remained consistent over time.

Summary: During April 2024, 103 homes were sold in Lafayette-Louisville; 40% of homes were sold within 30 days, 51% of homes were sold within 30 to 90 days, and 9% 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-Louisville, CO

Nearby Markets to Lafayette-Louisville, CO

What housing markets are near Lafayette-Louisville, CO?