Is Lafayette Township, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lafayette Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Lafayette Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Lafayette Township, IN

How much do homes in Lafayette Township, IN cost?

Median Sold Price

$281,950

$162/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$500(-0.2%)

Key Takeaway

The sold price of homes in Lafayette Township has remained the same since last month.

Summary: The median home sold price in Lafayette Township was $281,950 in October 2024, down 0.2% from last month, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $62K-
N/A
2 $208.5K$185.4K
-11.1%
3 $265K$275.7K
+4.0%
4 $320K$330K
+3.1%
5+ $670K$675K
+0.7%

Summary: Lafayette Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 0.7%.

Median Sold Price Compared To Nearby Cities

Lafayette Township
-0.2%
Jackson Township
-25.0%
Pleasant Township
-28.0%

Housing Supply in Lafayette Township, IN

How many homes are available in Lafayette Township, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
307345+12.4%

Summary: The Lafayette Township real estate market had 345 homes for sale in October 2024, a 12.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 3539
+11.4%
3 157190
+21.0%
4 9186
-5.5%
5+ 2227
+22.7%

Summary: The Lafayette Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 21%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes increased by 22.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
84103+22.6%

Asking Price vs. Sold Price

45 Homes Were Sold
Under Asking

27 Homes Were Sold
At Asking

26 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lafayette Township, you may be able to get a good deal. 45.9% of homes here sold below asking price last month.

Summary: A total of 103 homes were sold or pending in Lafayette Township in October 2024, up by 22.6% month-over-month. Of the 98 sold homes, 46% were sold under asking, 28% were sold at asking, and 27% 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

Sep 2024Oct 2024CHANGE
7 Days18 Days+150.7%

Summary: Homes in Lafayette Township had an average of 18 days on market in Oct 2024, up by 150.7% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 103 homes were sold in Lafayette Township; 4% of homes were sold within 30 days, 1% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 3 Days Ago

Newest Listings in Lafayette Township, IN

Nearby Markets to Lafayette Township, IN

What housing markets are near Lafayette Township, IN?