Is Northwest Lafayette / Indian Peaks, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northwest Lafayette / Indian Peaks is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Northwest Lafayette / Indian Peaks has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Northwest Lafayette / Indian Peaks, CO

How much do homes in Northwest Lafayette / Indian Peaks, CO cost?

Median Sold Price

$840,000

$369/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$28,000(+3.4%)

Key Takeaway

Homes in Northwest Lafayette / Indian Peaks have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in Northwest Lafayette / Indian Peaks was $840,000 in April 2024, up 3.4% from last year, and the median price per square foot was $369.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$325K
N/A
2 $575K$605K
+5.2%
3 $649.9K$746K
+14.8%
4 $935K$919.5K
-1.7%
5+ $1.3M$1.2M
-11.3%

Summary: Northwest Lafayette / Indian Peaks housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 14.8%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes decreased by 11.3%.

Housing Supply in Northwest Lafayette / Indian Peaks, CO

How many homes are available in Northwest Lafayette / Indian Peaks, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
4368+58.1%

Summary: The Northwest Lafayette / Indian Peaks real estate market had 68 homes for sale in April 2024, a 58.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 13
+200.0%
3 2133
+57.1%
4 1116
+45.5%
5+ 915
+66.7%

Summary: The Northwest Lafayette / Indian Peaks housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 57.1%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
623+283.3%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northwest Lafayette / Indian Peaks, you may be able to get a good deal. 69.6% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in Northwest Lafayette / Indian Peaks in April 2024, up by 283.3% month-over-month. Of the 23 sold homes, 70% were sold under asking, 26% were sold at asking, and 4% were sold over asking.

Days on Market for Northwest Lafayette / Indian Peaks, CO

How long does it take to sell a home in Northwest Lafayette / Indian Peaks, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
34 Days43 Days+26.7%

Summary: Homes in Northwest Lafayette / Indian Peaks had an average of 43 days on market in Apr 2024, up by 26.7% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Northwest Lafayette / Indian Peaks has remained consistent over time.

Summary: During April 2024, 23 homes were sold in Northwest Lafayette / Indian Peaks; 26% of homes were sold within 30 days, 65% 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 Apr 1, 2024

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