Is Lafayette, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Lafayette has remained a Buyer's Market.
Housing Prices in Lafayette, OR
How much do homes in Lafayette, OR cost?
Median Sold Price
$461,561
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Lafayette was $461,561 in February 2024, up 1.4% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $335K | N/A |
3 Bedrooms | $440K | $460K | +4.5% |
4 Bedrooms | $542.5K | $469.9K | -13.4% |
5+ Bedrooms | $584.9K | $586.8K | 0.3% |
Summary: Lafayette housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 13.4%, and 5+ bedroom homes increased by 0.3%.
Median Sold Price Compared To Nearby Cities
Dayton-Amity | $449K | $469.9K | +4.7% |
Lafayette | $455K | $461.5K | +1.4% |
Housing Supply in Lafayette, OR
How many homes are available in Lafayette, OR?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
42 | 46 | +9.5% |
Summary: The Lafayette real estate market had 46 homes for sale in February 2024, a 9.5% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 23 | 25 | +8.7% |
4 Bedrooms | 15 | 17 | +13.3% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Lafayette housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
0 | 5 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Lafayette in February 2024, up by 100.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Lafayette, OR
How long does it take to sell a home in Lafayette, OR?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
83 Days | 39 Days | -52.5% |
Summary: Homes in Lafayette had an average of 39 days on market in Feb 2024, down by 52.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 5 homes were sold in Lafayette; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.