Is Lafayette, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lafayette is a buyer's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

Lafayette is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

+$6,561(+1.4%)

Key Takeaway

Homes in Lafayette have sold for 1.4% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 -$335K
N/A
3 $440K$460K
+4.5%
4 $542.5K$469.9K
-13.4%
5+ $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
+4.7%
Lafayette
+1.4%

Housing Supply in Lafayette, OR

How many homes are available in Lafayette, OR?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4246+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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 11
0.0%
3 2325
+8.7%
4 1517
+13.3%
5+ 33
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 2024Feb 2024CHANGE
05+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lafayette, you may be able to get a good deal. 40% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
83 Days39 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 27 Days Ago

Newest Listings in Lafayette, OR

Nearby Markets to Lafayette, OR

What housing markets are near Lafayette, OR?