Is Northwest Lafayette / Indian Peaks, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northwest Lafayette / Indian Peaks is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Northwest Lafayette / Indian Peaks was a Seller's Market.

Key Takeaway

Northwest Lafayette / Indian Peaks is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Northwest Lafayette / Indian Peaks, CO

How much do homes in Northwest Lafayette / Indian Peaks, CO cost?

Median Sold Price

$815,000

$364/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$3,000(+0.4%)

Key Takeaway

The sold price of homes in Northwest Lafayette / Indian Peaks has remained the same since last year.

Summary: The median home sold price in Northwest Lafayette / Indian Peaks was $815,000 in March 2024, up 0.4% from last year, and the median price per square foot was $364.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $542.5K$605K
+11.5%
3 $649.9K$705K
+8.5%
4 $970.5K$865K
-10.9%
5+ $1.4M$1.2M
-14.4%

Summary: Northwest Lafayette / Indian Peaks housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 8.5%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes decreased by 14.4%.

Housing Supply in Northwest Lafayette / Indian Peaks, CO

How many homes are available in Northwest Lafayette / Indian Peaks, CO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
6560-7.7%

Summary: The Northwest Lafayette / Indian Peaks real estate market had 60 homes for sale in March 2024, a 7.7% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 11
0.0%
3 3333
0.0%
4 2014
-30.0%
5+ 1011
+10.0%

Summary: The Northwest Lafayette / Indian Peaks housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 30%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
209-55.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northwest Lafayette / Indian Peaks, expect to pay close to the asking price. 55.6% of homes here sold near the asking price last month.

Summary: A total of 9 homes were sold or pending in Northwest Lafayette / Indian Peaks in March 2024, down by 55.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 56% were sold at asking, and 11% were sold over asking.

Days on Market for Northwest Lafayette / Indian Peaks, CO

How long does it take to sell a home in Northwest Lafayette / Indian Peaks, CO?

Average Sale Time

Mar 2023Mar 2024CHANGE
82 Days40 Days-51.0%

Summary: Homes in Northwest Lafayette / Indian Peaks had an average of 40 days on market in Mar 2024, down by 51% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Northwest Lafayette / Indian Peaks are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 9 homes were sold in Northwest Lafayette / Indian Peaks; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% 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 24 Days Ago

Newest Listings in Northwest Lafayette / Indian Peaks, CO

Nearby Markets to Northwest Lafayette / Indian Peaks, CO