Is Lafayette, CO 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, 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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $313.5K | $315K | 0.5% |
2 Bedrooms | $486K | $474.2K | -2.4% |
3 Bedrooms | $630.5K | $668K | +5.9% |
4 Bedrooms | $840K | $825K | -1.8% |
5+ Bedrooms | $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 | $735.8K | $742.7K | +0.9% |
Broomfield | $619.3K | $624.5K | +0.8% |
Lafayette-Louisville | $795K | $794.8K | 0% |
Erie | $735K | $735K | 0.0% |
Erie-Frederick | $600K | $597.5K | -0.4% |
Housing Supply in Lafayette, CO
How many homes are available in Lafayette, CO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
134 | 190 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 13 | 27 | +107.7% |
3 Bedrooms | 55 | 85 | +54.5% |
4 Bedrooms | 35 | 40 | +14.3% |
5+ Bedrooms | 29 | 35 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 52 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 47 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
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.