Is LaFayette, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing LaFayette is a neutral's market

Buyer's
Market

Difference Since July 2021

At the same time last year, LaFayette was a Seller's Market.

Key Takeaway

LaFayette is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in LaFayette, NY cost?

Median Sold Price

$235,500

$131/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$18,500(+8.5%)

Key Takeaway

Homes in LaFayette have sold for 8.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 -$200K
N/A
2 $130.2K$133.5K
+2.5%
3 $192.5K$240.5K
+24.9%
4 $230K$220.5K
-4.1%
5+ $291.7K$870K
+198.2%

Median Sold Price Compared To Nearby Cities

Onondaga
+18.5%
Jamesville
+9.8%
LaFayette
+8.5%
Pompey
+4.0%
La Fayette
-6.6%

How many homes are available in LaFayette, NY?

Number of Homes For Sale

Jun 2022Jul 2022%
1821+16.7%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 00
0.0%
2 01
+100.0%
3 1212
0.0%
4 35
+66.7%
5+ 33
0.0%

Number of Homes Sold

Jun 2022Jul 2022%
330.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in LaFayette, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Average Sale Time

Jul 2021Jul 2022%
15 Days6 Days-57.8%

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

Breakdown of Home Sale Times

Key Takeaway

Many homes in LaFayette are selling fast, if you're buying plan to act quickly.

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

About LaFayette, NY

Number of homes for sale in LaFayette, NY real estate market have reached 21. Between June 2022 and July 2022, LaFayette, NY real estate market has seen increase in the number of listings by 16.7%. In July 2022, listings were on the market for 6 days. During the same period, the median list price in this real estate market was $235,500. This housing market listing prices have changed between June 2022 and July 2022: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 2.5%, the cost of 3 bedrooms properties went up by 24.9%, prices of 4 bedrooms properties went down by 4.1%, prices of 5 bedrooms properties went up by 198.2%. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes went up by 100%, 3 bedrooms homes did not move, 4 bedrooms homes became 66.7% more available, 5 bedrooms homes did not move. LaFayette, NY housing market in July 2022 saw over 1 listings sold above listed price, more than 1 sold at listed price and over 1 sold below.

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