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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lafayette is a seller's market

Buyer's
Market

Difference Since April 2021

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

Key Takeaway

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

How much do homes in Lafayette, TN cost?

Median Sold Price

$212,500

$139/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$46,200(+27.8%)

Key Takeaway

Homes in Lafayette have sold for 27.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 --
N/A
2 $85K$148K
+74.1%
3 $165K$224K
+35.8%
4 $205K$257.4K
+25.6%
5+ $232.5K-
N/A

How many homes are available in Lafayette, TN?

Number of Homes For Sale

Mar 2022Apr 2022%
3029-3.3%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 00
0.0%
2 65
-16.7%
3 2018
-10.0%
4 24
+100.0%
5+ 22
0.0%

Number of Homes Sold

Mar 2022Apr 2022%
611+83.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were 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. 45.5% of homes here sold below asking price last month.

Average Sale Time

Apr 2021Apr 2022%
32 Days12 Days-61.2%

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lafayette are selling fast, if you're buying plan to act quickly.

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

About Lafayette, TN

Number of homes for sale in Lafayette, TN real estate market have reached 29. The number of listings in Lafayette, TN decreased by 3.3% between March 2022 and April 2022. In April 2022 median list price was $212,500 and the average listing age was 12 days. Between March 2022 and April 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties became 74.1% more expensive, 3 bedrooms properties prices increased by 35.8%, the cost of 4 bedrooms properties went up by 25.6%, prices of 5 bedrooms properties went up by 0%. Volume of homes for sale changed: 1 bedroom homes did not move, the quantity of 2 bedrooms homes went down by 16.7%, 3 bedrooms homes became 10% less available, number of 4 bedrooms homes increased by 100%, 5 bedrooms homes did not move. While more than 3 listings in Lafayette, TN in April 2022 were sold above asking price, there were more than 3 listings sold at asking price, and more than 5 were sold below.