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

Last month, Lafayette Township was a Buyer'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

$267,000

$158/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

-$42,950(-13.9%)

Key Takeaway

Homes in Lafayette Township have sold for 13.9% less than they did a month ago.

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

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 -$159K
N/A
3 $242.7K$271K
+11.7%
4 $320K$299K
-6.6%
5+ -$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 2024Mar 2024CHANGE
53108+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

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 514
+180.0%
3 2852
+85.7%
4 1634
+112.5%
5+ 48
+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 2024Mar 2024CHANGE
633+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lafayette Township, you may be able to get a good deal. 42.4% of homes here sold below asking price last month.

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 2024Mar 2024CHANGE
19 Days6 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

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 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.

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

Report Updated 28 Days Ago

Newest Listings in Lafayette Township, IN

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