Is La Fayette, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing La Fayette is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, La Fayette has remained a Seller's Market.

Key Takeaway

La Fayette is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in La Fayette, GA cost?

Median Sold Price

$195,000

$129/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$32,277(+19.8%)

Key Takeaway

Homes in La Fayette have sold for 19.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $30K$42K
+40.0%
2 $93K$118K
+26.9%
3 $166.3K$200K
+20.2%
4 $228.9K$255K
+11.4%
5+ $335K$295K
-11.9%

Median Sold Price Compared To Nearby Cities

Rock Spring
+20.8%
La Fayette
+19.8%
LaFayette
+17.6%
Kensington
+1.4%

How many homes are available in La Fayette, GA?

Number of Homes For Sale

Jul 2022Aug 2022%
125130+4.0%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 33
0.0%
2 1317
+30.8%
3 7571
-5.3%
4 2629
+11.5%
5+ 810
+25.0%

Number of Homes Sold

Jul 2022Aug 2022%
2535+40.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in La Fayette, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
20 Days23 Days+15.0%

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in La Fayette are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About La Fayette, GA

There are 130 homes are for sale in La Fayette, GA real estate market. Between July 2022 and August 2022, La Fayette, GA real estate market has seen increase in the number of listings by 4%. In August 2022 median list price was $195,000 and the average listing age was 23 days. From July 2022 through August 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 40%, 2 bedrooms properties became 26.9% more expensive, 3 bedrooms properties became 20.2% more expensive, the cost of 4 bedrooms properties went up by 11.4%, 5 bedrooms properties became 11.9% more cheaper. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory did not change, 2 bedrooms homes inventory increased by 30.8%, volume of 3 bedrooms homes went down by 5.3%, 4 bedrooms homes became 11.5% more available, number of 5 bedrooms homes increased by 25%. In August 2022 more than 11 listings in La Fayette, GA were sold above the asking price. During the same period more than 10 listings were sold at asking price, while more than 14 were sold below.

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