Is Lafayette Township, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lafayette Township is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Lafayette Township has remained a Seller's Market.

Key Takeaway

Lafayette Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lafayette Township, OH

How much do homes in Lafayette Township, OH cost?

Median Sold Price

$168,750

$129/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$6,250(-3.6%)

Key Takeaway

Homes in Lafayette Township have sold for 3.6% less than they did a year ago.

Summary: The median home sold price in Lafayette Township was $168,750 in September 2024, down 3.6% from last year, and the median price per square foot was $129.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$90K
N/A
2 $105K$89.9K
-14.4%
3 $177.5K$175K
-1.4%
4 $168.7K$186K
+10.2%
5+ $290K-
N/A

Summary: Lafayette Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.4%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Oxford Township
+14.8%
Lafayette Township
-3.6%
West Lafayette
-7.6%

Housing Supply in Lafayette Township, OH

How many homes are available in Lafayette Township, OH?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
17170.0%

Summary: The Lafayette Township real estate market had 17 homes for sale in September 2024, the same as August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 1211
-8.3%
4 44
0.0%
5+ 00
0.0%

Summary: The Lafayette Township housing inventory by bedroom type for September 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 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lafayette Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in Lafayette Township in September 2024, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% 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

Sep 2023Sep 2024CHANGE
62 Days53 Days-14.5%

Summary: Homes in Lafayette Township had an average of 53 days on market in Sep 2024, down by 14.5% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Lafayette Township has remained consistent over time.

Summary: During September 2024, 4 homes were sold in Lafayette Township; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 30 Days Ago

Newest Listings in Lafayette Township, OH

Nearby Markets to Lafayette Township, OH