Is Lafayette, CO 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 2023

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.

Housing Prices in Lafayette, CO

How much do homes in Lafayette, CO cost?

Median Sold Price

$742,750

$365/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$6,875(+0.9%)

Key Takeaway

Homes in Lafayette have sold for 0.9% more than they did a year ago.

Summary: The median home sold price in Lafayette was $742,750 in April 2024, up 0.9% from last year, and the median price per square foot was $365.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $313.5K$315K
0.5%
2 $486K$474.2K
-2.4%
3 $630.5K$668K
+5.9%
4 $840K$825K
-1.8%
5+ $1.2M$1.1M
-8.8%

Summary: Lafayette housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.5%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes decreased by 8.8%.

Median Sold Price Compared To Nearby Cities

Lafayette
+0.9%
Broomfield
+0.8%
Lafayette-Louisville
0%
Erie
0.0%
Erie-Frederick
-0.4%

Housing Supply in Lafayette, CO

How many homes are available in Lafayette, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
134190+41.8%

Summary: The Lafayette real estate market had 190 homes for sale in April 2024, a 41.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 23
+50.0%
2 1327
+107.7%
3 5585
+54.5%
4 3540
+14.3%
5+ 2935
+20.7%

Summary: The Lafayette housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 107.7%, 3 bedroom homes increased by 54.5%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 20.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2952+79.3%

Asking Price vs. Sold Price

30 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

8 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. 57.7% of homes here sold below asking price last month.

Summary: A total of 52 homes were sold or pending in Lafayette in April 2024, up by 79.3% month-over-month. Of the 52 sold homes, 58% were sold under asking, 27% were sold at asking, and 15% were sold over asking.

Days on Market for Lafayette, CO

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

Average Sale Time

Apr 2023Apr 2024CHANGE
31 Days47 Days+49.4%

Summary: Homes in Lafayette had an average of 47 days on market in Apr 2024, up by 49.4% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

27 Homes Were Sold
In 30 - 90 Days

5 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 April 2024, 52 homes were sold in Lafayette; 38% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 10% 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 16 Days Ago

Newest Listings in Lafayette, CO

Nearby Markets to Lafayette, CO

What housing markets are near Lafayette, CO?