Is La Fayette, GA 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, 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.
Housing Prices in La Fayette, GA
How much do homes in La Fayette, GA cost?
Median Sold Price
$210,000
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in La Fayette have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in La Fayette was $210,000 in March 2024, up 5.1% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $41K | $127K | +209.8% |
| 2 Bedrooms | $124.5K | $159.9K | +28.4% |
| 3 Bedrooms | $203.1K | $217K | +6.8% |
| 4 Bedrooms | $244.9K | $250K | +2.1% |
| 5+ Bedrooms | $492K | $450K | -8.5% |
Summary: La Fayette housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 209.8%, 2 bedroom homes increased by 28.4%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 8.5%.
Median Sold Price Compared To Nearby Cities
| LaFayette | $179.9K | $195.5K | +8.7% |
| La Fayette | $199.9K | $210K | +5.1% |
| Kensington | $260K | $249.5K | -4.0% |
| Rock Spring | $297K | $284.2K | -4.3% |
Housing Supply in La Fayette, GA
How many homes are available in La Fayette, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 122 | 146 | +19.7% |
Summary: The La Fayette real estate market had 146 homes for sale in March 2024, a 19.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 22 | 29 | +31.8% |
| 3 Bedrooms | 83 | 95 | +14.5% |
| 4 Bedrooms | 10 | 16 | +60.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The La Fayette 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 increased by 31.8%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 60%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 34 | +70.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in La Fayette, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in La Fayette in March 2024, up by 70.0% month-over-month. Of the 34 sold homes, 47% were sold under asking, 21% were sold at asking, and 32% were sold over asking.
Days on Market for La Fayette, GA
How long does it take to sell a home in La Fayette, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 9 Days | 39 Days | +305.0% |
Summary: Homes in La Fayette had an average of 39 days on market in Mar 2024, up by 305% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in La Fayette are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 34 homes were sold in La Fayette; 21% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. 
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