Is Lafayette Township, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lafayette Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $28K | $160K | +471.4% |
2 Bedrooms | $108K | $165K | +52.8% |
3 Bedrooms | $185K | $217.8K | +17.8% |
4 Bedrooms | $289.9K | $330K | +13.8% |
5+ Bedrooms | $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 | $260.2K | $332.5K | +27.8% |
Lafayette Township | $178K | $220K | +23.6% |
Anderson | $130K | $159K | +22.3% |
Frankton | $169.9K | $176K | +3.6% |
Pipe Creek Township | $135K | $136K | +0.7% |
Housing Supply in Lafayette Township, IN
How many homes are available in Lafayette Township, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
91 | 168 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 14 | 23 | +64.3% |
3 Bedrooms | 51 | 90 | +76.5% |
4 Bedrooms | 24 | 48 | +100.0% |
5+ Bedrooms | 2 | 7 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 60 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
8 Days | 11 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
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.