Is Lafayette Township, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Lafayette Township has remained a Seller's Market.
Housing Prices in Lafayette Township, IN
How much do homes in Lafayette Township, IN cost?
Median Sold Price
$232,500
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lafayette Township was $232,500 in May 2024, up 28.5% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $28K | $118.5K | +323.2% |
2 Bedrooms | $125K | $148K | +18.4% |
3 Bedrooms | $185K | $220K | +18.9% |
4 Bedrooms | $230K | $325K | +41.3% |
5+ Bedrooms | $172K | $294K | +70.9% |
Summary: Lafayette Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 323.2%, 2 bedroom homes increased by 18.4%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 41.3%, and 5+ bedroom homes increased by 70.9%.
Median Sold Price Compared To Nearby Cities
Lafayette Township | $181K | $232.5K | +28.5% |
Anderson | $135.6K | $158.6K | +16.9% |
Pipe Creek Township | $135K | $140K | +3.7% |
Housing Supply in Lafayette Township, IN
How many homes are available in Lafayette Township, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
77 | 140 | +81.8% |
Summary: The Lafayette Township real estate market had 140 homes for sale in May 2024, a 81.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 9 | 17 | +88.9% |
3 Bedrooms | 42 | 75 | +78.6% |
4 Bedrooms | 23 | 41 | +78.3% |
5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Lafayette Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 88.9%, 3 bedroom homes increased by 78.6%, 4 bedroom homes increased by 78.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 44 | +266.7% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 44 homes were sold or pending in Lafayette Township in May 2024, up by 266.7% month-over-month. Of the 44 sold homes, 43% were sold under asking, 23% were sold at asking, and 34% were sold over asking.
Days on Market for Lafayette Township, IN
How long does it take to sell a home in Lafayette Township, IN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
32 Days | 39 Days | +19.9% |
Summary: Homes in Lafayette Township had an average of 39 days on market in May 2024, up by 19.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 44 homes were sold in Lafayette Township; 14% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.