Is Lafayette, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lafayette has remained a Seller's Market.
Housing Prices in Lafayette, CA
How much do homes in Lafayette, CA cost?
Median Sold Price
$1,825,000
$817/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lafayette was $1,825,000 in April 2024, down 7.6% from last year, and the median price per square foot was $817.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $725K | $750K | +3.4% |
2 Bedrooms | $1.1M | $1.1M | -4.3% |
3 Bedrooms | $1.6M | $1.5M | -6.8% |
4 Bedrooms | $2.1M | $2.1M | -0.6% |
5+ Bedrooms | $3.6M | $2.5M | -30.4% |
Summary: Lafayette housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 30.4%.
Median Sold Price Compared To Nearby Cities
Walnut Creek | $832.8K | $874.2K | +5.0% |
Moraga | $1.6M | $1.6M | +1.1% |
Central Contra Costa | $991.9K | $983.3K | -0.9% |
Orinda | $2.0M | $1.9M | -2.3% |
Lafayette | $1.9M | $1.8M | -7.6% |
Housing Supply in Lafayette, CA
How many homes are available in Lafayette, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
68 | 87 | +27.9% |
Summary: The Lafayette real estate market had 87 homes for sale in April 2024, a 27.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 20 | 23 | +15.0% |
4 Bedrooms | 25 | 36 | +44.0% |
5+ Bedrooms | 15 | 22 | +46.7% |
Summary: The Lafayette housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 44%, and 5+ bedroom homes increased by 46.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 21 | -12.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Lafayette in April 2024, down by 12.5% month-over-month. Of the 18 sold homes, 11% were sold under asking, 17% were sold at asking, and 72% were sold over asking.
Days on Market for Lafayette, CA
How long does it take to sell a home in Lafayette, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 9 Days | -58.5% |
Summary: Homes in Lafayette had an average of 9 days on market in Apr 2024, down by 58.5% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 21 homes were sold in Lafayette; 86% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.