Is Lafayette Hill, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lafayette Hill is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Lafayette Hill, PA

How much do homes in Lafayette Hill, PA cost?

Median Sold Price

$633,000

$276/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$93,000(+17.2%)

Key Takeaway

Homes in Lafayette Hill have sold for 17.2% more than they did a year ago.

Summary: The median home sold price in Lafayette Hill was $633,000 in September 2024, up 17.2% from last year, and the median price per square foot was $276.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $165K$170K
+3.0%
2 $445K$240K
-46.1%
3 $475K$520K
+9.5%
4 $680K$737.5K
+8.5%
5+ $1.0M$1.0M
+1.0%

Summary: Lafayette Hill housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3%, 2 bedroom homes decreased by 46.1%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 1%.

Median Sold Price Compared To Nearby Cities

Lafayette Hill
+17.2%
Plymouth Meeting
+13.4%
Whitemarsh Township
+12.6%
Springfield Township
+6.1%
Fort Washington
+4.0%

Housing Supply in Lafayette Hill, PA

How many homes are available in Lafayette Hill, PA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3128-9.7%

Summary: The Lafayette Hill real estate market had 28 homes for sale in September 2024, a 9.7% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 01
+100.0%
2 02
+100.0%
3 76
-14.3%
4 1915
-21.1%
5+ 54
-20.0%

Summary: The Lafayette Hill housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 21.1%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1310-23.1%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lafayette Hill, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Lafayette Hill in September 2024, down by 23.1% month-over-month. Of the 10 sold homes, 60% were sold under asking, 10% were sold at asking, and 30% were sold over asking.

Days on Market for Lafayette Hill, PA

How long does it take to sell a home in Lafayette Hill, PA?

Average Sale Time

Sep 2023Sep 2024CHANGE
20 Days16 Days-18.4%

Summary: Homes in Lafayette Hill had an average of 16 days on market in Sep 2024, down by 18.4% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

2 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 Hill are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 10 homes were sold in Lafayette Hill; 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.

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 Hill, PA

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