Is Lafayette Township, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Lafayette Township was a Buyer's Market.
Housing Prices in Lafayette Township, IN
How much do homes in Lafayette Township, IN cost?
Median Sold Price
$267,000
$158/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Lafayette Township was $267,000 in March 2024, down 13.9% from last month, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $159K | N/A |
3 Bedrooms | $242.7K | $271K | +11.7% |
4 Bedrooms | $320K | $299K | -6.6% |
5+ Bedrooms | - | $365K | N/A |
Summary: Lafayette Township housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 11.7%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes did not change.
Housing Supply in Lafayette Township, IN
How many homes are available in Lafayette Township, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
53 | 108 | +103.8% |
Summary: The Lafayette Township real estate market had 108 homes for sale in March 2024, a 103.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 14 | +180.0% |
3 Bedrooms | 28 | 52 | +85.7% |
4 Bedrooms | 16 | 34 | +112.5% |
5+ Bedrooms | 4 | 8 | +100.0% |
Summary: The Lafayette Township 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 180%, 3 bedroom homes increased by 85.7%, 4 bedroom homes increased by 112.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 33 | +450.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in Lafayette Township in March 2024, up by 450.0% month-over-month. Of the 33 sold homes, 42% were sold under asking, 15% were sold at asking, and 42% were sold over asking.
Days on Market for Lafayette Township, IN
How long does it take to sell a home in Lafayette Township, IN?
Average Sale Time
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 Days | 6 Days | -66.3% |
Summary: Homes in Lafayette Township had an average of 6 days on market in Mar 2024, down by 66.3% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 33 homes were sold in Lafayette Township; 9% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.