Is LaFayette, 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, LaFayette has remained a Seller's Market.
Housing Prices in LaFayette, GA
How much do homes in LaFayette, GA cost?
Median Sold Price
$195,500
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in LaFayette was $195,500 in March 2024, up 8.7% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $41.2K | $75K | +81.8% |
2 Bedrooms | $122K | $149K | +22.1% |
3 Bedrooms | $192K | $207.9K | +8.3% |
4 Bedrooms | $229K | $250K | +9.2% |
5+ Bedrooms | $360K | $294.9K | -18.1% |
Summary: LaFayette housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 81.8%, 2 bedroom homes increased by 22.1%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes decreased by 18.1%.
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% |
Housing Supply in LaFayette, GA
How many homes are available in LaFayette, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
82 | 103 | +25.6% |
Summary: The LaFayette real estate market had 103 homes for sale in March 2024, a 25.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 17 | 22 | +29.4% |
3 Bedrooms | 55 | 69 | +25.5% |
4 Bedrooms | 9 | 11 | +22.2% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The LaFayette 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 29.4%, 3 bedroom homes increased by 25.5%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 22 | +83.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in LaFayette in March 2024, up by 83.3% month-over-month. Of the 22 sold homes, 36% were sold under asking, 23% were sold at asking, and 41% were sold over asking.
Days on Market for LaFayette, GA
How long does it take to sell a home in LaFayette, GA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
12 Days | 44 Days | +259.1% |
Summary: Homes in LaFayette had an average of 44 days on market in Mar 2024, up by 259.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 22 homes were sold in LaFayette; 23% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.