Is Lafayette Township, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$260,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lafayette Township was $260,000 in March 2024, up 12.5% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $160K | N/A |
2 Bedrooms | $185K | $165K | -10.8% |
3 Bedrooms | $229.1K | $267K | +16.5% |
4 Bedrooms | $329.9K | $334.5K | +1.4% |
5+ Bedrooms | - | $327.5K | N/A |
Summary: Lafayette Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.8%, 3 bedroom homes increased by 16.5%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Lafayette Township | $231K | $260K | +12.5% |
Franklin Township | $258K | $270.5K | +4.9% |
Marion Township | $139.9K | $88K | -37.1% |
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 |
---|---|---|
54 | 110 | +103.7% |
Summary: The Lafayette Township real estate market had 110 homes for sale in March 2024, a 103.7% 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 | 54 | +92.9% |
4 Bedrooms | 17 | 34 | +100.0% |
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 92.9%, 4 bedroom homes increased by 100%, 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
8 Days | 6 Days | -19.2% |
Summary: Homes in Lafayette Township had an average of 6 days on market in Mar 2024, down by 19.2% compared to last year.
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.