Is Lafayette Township, OH 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 Township has remained a Seller's Market.
Housing Prices in Lafayette Township, OH
How much do homes in Lafayette Township, OH cost?
Median Sold Price
$322,450
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lafayette Township was $322,450 in April 2024, down 0.8% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $215K | $320K | +48.8% |
3 Bedrooms | $310K | $320K | +3.2% |
4 Bedrooms | $405K | $331K | -18.3% |
5+ Bedrooms | $351.8K | $669K | +90.1% |
Summary: Lafayette Township 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 48.8%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 18.3%, and 5+ bedroom homes increased by 90.1%.
Median Sold Price Compared To Nearby Cities
Medina City Township | $240.2K | $277.5K | +15.5% |
Medina | $325K | $340.4K | +4.7% |
York Township | $380K | $390.2K | +2.7% |
Chippewa Lake | $242.1K | $245K | +1.2% |
Lafayette Township | $325K | $322.4K | -0.8% |
Housing Supply in Lafayette Township, OH
How many homes are available in Lafayette Township, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 18 | 0.0% |
Summary: The Lafayette Township real estate market had 18 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 9 | 9 | 0.0% |
4 Bedrooms | 6 | 5 | -16.7% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lafayette Township 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 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 4 | -42.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Lafayette Township in April 2024, down by 42.9% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Lafayette Township, OH
How long does it take to sell a home in Lafayette Township, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
73 Days | 24 Days | -66.3% |
Summary: Homes in Lafayette Township had an average of 24 days on market in Apr 2024, down by 66.3% compared to last year.
Breakdown of Home Sale Times
3 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, 4 homes were sold in Lafayette Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.