Is La Fayette, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, La Fayette was a Neutral Market.
Key Takeaway
La Fayette is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in La Fayette, NY
How much do homes in La Fayette, NY cost?
Median Sold Price
$136,200
$107/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in La Fayette have sold for 56.1% less than they did a month ago.
Summary: The median home sold price in La Fayette was $136,200 in March 2024, down 56.1% from last month, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $138.5K | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $310K | - | N/A |
| 4 Bedrooms | - | $133.9K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: La Fayette housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| LaFayette | $310K | $138.5K | -55.3% |
| La Fayette | $310K | $136.2K | -56.1% |
Housing Supply in La Fayette, NY
How many homes are available in La Fayette, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Summary: The La Fayette real estate market had 6 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The La Fayette 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in La Fayette, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in La Fayette in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for La Fayette, NY
How long does it take to sell a home in La Fayette, NY?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 Days | 27 Days | +175.0% |
Summary: Homes in La Fayette had an average of 27 days on market in Mar 2024, up by 175% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in La Fayette are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in La Fayette; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
