Is Lafayette Township, MO 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, MO
How much do homes in Lafayette Township, MO cost?
Median Sold Price
$430,500
$171/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 $430,500 in March 2024, up 4.5% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $209.5K | $150K | -28.4% |
2 Bedrooms | $227.5K | $242K | +6.4% |
3 Bedrooms | $357.1K | $380K | +6.4% |
4 Bedrooms | $450K | $485.7K | +8.0% |
5+ Bedrooms | $505K | $580K | +14.9% |
Summary: Lafayette Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.4%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 14.9%.
Median Sold Price Compared To Nearby Cities
Winchester | $190.5K | $215K | +12.9% |
Chesterfield | $485K | $526.4K | +8.5% |
Lafayette Township | $411.7K | $430.5K | +4.5% |
Ballwin | $345K | $357K | +3.5% |
Housing Supply in Lafayette Township, MO
How many homes are available in Lafayette Township, MO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
65 | 75 | +15.4% |
Summary: The Lafayette Township real estate market had 75 homes for sale in March 2024, a 15.4% 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 | 9 | 12 | +33.3% |
3 Bedrooms | 23 | 29 | +26.1% |
4 Bedrooms | 30 | 29 | -3.3% |
5+ Bedrooms | 3 | 5 | +66.7% |
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 33.3%, 3 bedroom homes increased by 26.1%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 32 | +45.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in Lafayette Township in March 2024, up by 45.5% month-over-month. Of the 32 sold homes, 38% were sold under asking, 9% were sold at asking, and 53% were sold over asking.
Days on Market for Lafayette Township, MO
How long does it take to sell a home in Lafayette Township, MO?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 16 Days | -53.5% |
Summary: Homes in Lafayette Township had an average of 16 days on market in Mar 2024, down by 53.5% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 32 homes were sold in Lafayette Township; 84% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.