Is Lafayette Township, OH 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, OH
How much do homes in Lafayette Township, OH cost?
Median Sold Price
$317,000
$150/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 $317,000 in March 2024, down 2.5% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $162.5K | $249.9K | +53.8% |
3 Bedrooms | $310K | $315K | +1.6% |
4 Bedrooms | $381K | $324K | -15.0% |
5+ Bedrooms | $351.8K | $755K | +114.6% |
Summary: Lafayette Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 53.8%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes increased by 114.6%.
Median Sold Price Compared To Nearby Cities
Medina City Township | $244.8K | $265.3K | +8.4% |
Chippewa Lake | $232.6K | $249.9K | +7.4% |
Medina | $325K | $335.2K | +3.1% |
York Township | $384.9K | $387.9K | +0.8% |
Lafayette Township | $325K | $317K | -2.5% |
Housing Supply in Lafayette Township, OH
How many homes are available in Lafayette Township, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 15 | 0.0% |
Summary: The Lafayette Township real estate market had 15 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 | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 9 | 8 | -11.1% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
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 100%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Lafayette Township in March 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Lafayette Township, OH
How long does it take to sell a home in Lafayette Township, OH?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
21 Days | 14 Days | -33.0% |
Summary: Homes in Lafayette Township had an average of 14 days on market in Mar 2024, down by 33% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Lafayette Township; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.