Is Lafayette-Louisville, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lafayette-Louisville is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Lafayette-Louisville, CO

How much do homes in Lafayette-Louisville, CO cost?

Median Sold Price

$794,810

$357/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$189(0%)

Key Takeaway

The sold price of homes in Lafayette-Louisville has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $322.5K$315K
-2.3%
2 $515K$463.7K
-10.0%
3 $679K$707.6K
+4.2%
4 $848.5K$872K
+2.8%
5+ $1.1M$1.1M
-1.8%

Summary: Lafayette-Louisville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.3%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 1.8%.

Median Sold Price Compared To Nearby Cities

Superior
+1.7%
Lafayette
+0.9%
Broomfield
+0.8%
Lafayette-Louisville
0%
Louisville
-0.6%

Housing Supply in Lafayette-Louisville, CO

How many homes are available in Lafayette-Louisville, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
311407+30.9%

Summary: The Lafayette-Louisville real estate market had 407 homes for sale in April 2024, a 30.9% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 36
+100.0%
2 3454
+58.8%
3 105146
+39.0%
4 88108
+22.7%
5+ 8193
+14.8%

Summary: The Lafayette-Louisville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 58.8%, 3 bedroom homes increased by 39%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes increased by 14.8%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
75103+37.3%

Asking Price vs. Sold Price

55 Homes Were Sold
Under Asking

27 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lafayette-Louisville, you may be able to get a good deal. 53.4% of homes here sold below asking price last month.

Summary: A total of 103 homes were sold or pending in Lafayette-Louisville in April 2024, up by 37.3% month-over-month. Of the 103 sold homes, 53% were sold under asking, 26% were sold at asking, and 20% were sold over asking.

Days on Market for Lafayette-Louisville, CO

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

Average Sale Time

Apr 2023Apr 2024CHANGE
40 Days45 Days+11.8%

Summary: Homes in Lafayette-Louisville had an average of 45 days on market in Apr 2024, up by 11.8% compared to last year.

Breakdown of Home Sale Times

41 Homes Were Sold
Under 30 Days

53 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Lafayette-Louisville has remained consistent over time.

Summary: During April 2024, 103 homes were sold in Lafayette-Louisville; 40% of homes were sold within 30 days, 51% of homes were sold within 30 to 90 days, and 9% 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-Louisville, CO

Nearby Markets to Lafayette-Louisville, CO

What housing markets are near Lafayette-Louisville, CO?