Is LaFayette, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing LaFayette is a seller's market

Buyer's
Market

Difference Since September 2021

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

Key Takeaway

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

How much do homes in LaFayette, GA cost?

Median Sold Price

$178,500

$123/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$28,500(+19.0%)

Key Takeaway

Homes in LaFayette have sold for 19% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $23.5K$42.5K
+80.9%
2 $65K$122K
+87.7%
3 $164K$187K
+14.0%
4 $216.6K$255K
+17.7%
5+ $228K$327K
+43.4%

Median Sold Price Compared To Nearby Cities

La Fayette
+20.4%
LaFayette
+19.0%
Kensington
-8.3%

How many homes are available in LaFayette, GA?

Number of Homes For Sale

Aug 2022Sep 2022%
65650.0%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 12
+100.0%
2 1316
+23.1%
3 3336
+9.1%
4 149
-35.7%
5+ 42
-50.0%

Number of Homes Sold

Aug 2022Sep 2022%
1613-18.8%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in LaFayette, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
6 Days50 Days+736.7%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in LaFayette 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 LaFayette, GA

There are 65 homes are for sale in LaFayette, GA real estate market. Listings spent 50 days on the market in September 2022, and had a median list price of $178,500 during the same period. Listing prices have changed in this real estate market between August 2022 and September 2022: prices of 1 bedroom properties increased by 80.9%, 2 bedrooms properties became 87.7% more expensive, 3 bedrooms properties prices increased by 14%, the cost of 4 bedrooms properties went up by 17.7%, the cost of 5 bedrooms properties went up by 43.4%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes went up by 100%, the quantity of 2 bedrooms homes went up by 23.1%, the quantity of 3 bedrooms homes went up by 9.1%, number of 4 bedrooms homes decreased by 35.7%, 5 bedrooms homes inventory decreased by 50%. While more than 2 listings in LaFayette, GA in September 2022 were sold above asking price, there were more than 3 listings sold at asking price, and more than 7 were sold below.

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