Is West Lafayette, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, West Lafayette has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $205K | $245.5K | +19.8% |
3 Bedrooms | $270K | $320K | +18.5% |
4 Bedrooms | $385K | $346K | -10.1% |
5+ Bedrooms | $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 | $350K | $399.5K | +14.1% |
West Lafayette | $300K | $318K | +6.0% |
Wabash Township | $245K | $245.5K | 0.2% |
Housing Supply in West Lafayette, IN
How many homes are available in West Lafayette, IN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
82 | 99 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 10 | +66.7% |
3 Bedrooms | 43 | 47 | +9.3% |
4 Bedrooms | 23 | 29 | +26.1% |
5+ Bedrooms | 10 | 13 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
23 | 23 | 0.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
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