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 August 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

$785,120

$349/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$11,703(+1.5%)

Key Takeaway

Homes in Lafayette-Louisville have sold for 1.5% more than they did a year ago.

Summary: The median home sold price in Lafayette-Louisville was $785,120 in August 2024, up 1.5% from last year, and the median price per square foot was $349.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $320K$330.6K
+3.3%
2 $475K$460K
-3.2%
3 $675K$680.1K
+0.8%
4 $840K$865K
+3.0%
5+ $1.1M$1.1M
+0.8%

Summary: Lafayette-Louisville housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.3%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 0.8%.

Median Sold Price Compared To Nearby Cities

Louisville
+7.0%
Lafayette
+4.3%
Superior
+2.1%
Lafayette-Louisville
+1.5%
Broomfield
0.3%

Housing Supply in Lafayette-Louisville, CO

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

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
427463+8.4%

Summary: The Lafayette-Louisville real estate market had 463 homes for sale in August 2024, a 8.4% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 87
-12.5%
2 6461
-4.7%
3 126137
+8.7%
4 127136
+7.1%
5+ 102122
+19.6%

Summary: The Lafayette-Louisville housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 19.6%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
98980.0%

Asking Price vs. Sold Price

56 Homes Were Sold
Under Asking

25 Homes Were Sold
At Asking

17 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. 57.1% of homes here sold below asking price last month.

Summary: A total of 98 homes were sold or pending in Lafayette-Louisville in August 2024, the same as the previous month. Of the 98 sold homes, 57% were sold under asking, 26% were sold at asking, and 17% 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

Aug 2023Aug 2024CHANGE
35 Days45 Days+27.2%

Summary: Homes in Lafayette-Louisville had an average of 45 days on market in Aug 2024, up by 27.2% compared to last year.

Breakdown of Home Sale Times

54 Homes Were Sold
Under 30 Days

35 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During August 2024, 98 homes were sold in Lafayette-Louisville; 55% of homes were sold within 30 days, 36% 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

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