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 April 2023

Since last year, 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

$220,000

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$42,000(+23.6%)

Key Takeaway

Homes in Lafayette Township have sold for 23.6% more than they did a year ago.

Summary: The median home sold price in Lafayette Township was $220,000 in April 2024, up 23.6% from last year, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $28K$160K
+471.4%
2 $108K$165K
+52.8%
3 $185K$217.8K
+17.8%
4 $289.9K$330K
+13.8%
5+ $172K$294K
+70.9%

Summary: Lafayette Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 471.4%, 2 bedroom homes increased by 52.8%, 3 bedroom homes increased by 17.8%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 70.9%.

Median Sold Price Compared To Nearby Cities

Jackson Township
+27.8%
Lafayette Township
+23.6%
Anderson
+22.3%
Frankton
+3.6%
Pipe Creek Township
+0.7%

Housing Supply in Lafayette Township, IN

How many homes are available in Lafayette Township, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
91168+84.6%

Summary: The Lafayette Township real estate market had 168 homes for sale in April 2024, a 84.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1423
+64.3%
3 5190
+76.5%
4 2448
+100.0%
5+ 27
+250.0%

Summary: The Lafayette Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 64.3%, 3 bedroom homes increased by 76.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 250%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
760+757.1%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

21 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. 36.7% of homes here sold below asking price last month.

Summary: A total of 60 homes were sold or pending in Lafayette Township in April 2024, up by 757.1% month-over-month. Of the 60 sold homes, 37% were sold under asking, 28% were sold at asking, and 35% 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

Apr 2023Apr 2024CHANGE
8 Days11 Days+38.8%

Summary: Homes in Lafayette Township had an average of 11 days on market in Apr 2024, up by 38.8% compared to last year.

Breakdown of Home Sale Times

9 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 April 2024, 60 homes were sold in Lafayette Township; 15% of homes were sold within 30 days, 2% 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 13 Days Ago

Newest Listings in Lafayette Township, IN

Nearby Markets to Lafayette Township, IN

What housing markets are near Lafayette Township, IN?