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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Lafayette is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in West Lafayette, IN

How much do homes in West Lafayette, IN cost?

Median Sold Price

$318,000

$177/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

+$18,000(+6.0%)

Key Takeaway

Homes in West Lafayette have sold for 6% more than they did a month ago.

Summary: The median home sold price in West Lafayette was $318,000 in February 2024, up 6% from last month, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 $205K$245.5K
+19.8%
3 $270K$320K
+18.5%
4 $385K$346K
-10.1%
5+ $619.5K-
N/A

Summary: West Lafayette housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.8%, 3 bedroom homes increased by 18.5%, 4 bedroom homes decreased by 10.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Tippecanoe Township
+14.1%
West Lafayette
+6.0%
Wabash Township
0.2%

Housing Supply in West Lafayette, IN

How many homes are available in West Lafayette, IN?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
8299+20.7%

Summary: The West Lafayette real estate market had 99 homes for sale in February 2024, a 20.7% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 610
+66.7%
3 4347
+9.3%
4 2329
+26.1%
5+ 1013
+30.0%

Summary: The West Lafayette housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 26.1%, and 5+ bedroom homes increased by 30%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
23230.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Lafayette, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in West Lafayette in February 2024, the same as the previous month. Of the 22 sold homes, 45% were sold under asking, 14% were sold at asking, and 41% were sold over asking.

Days on Market for West Lafayette, IN

We’re sorry, we don't have information for this market at the moment

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

Report Updated 27 Days Ago

Newest Listings in West Lafayette, IN

Nearby Markets to West Lafayette, IN

What housing markets are near West Lafayette, IN?