Is LaFayette, GA 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 has remained a Seller's Market.
Housing Prices in LaFayette, GA
How much do homes in LaFayette, GA cost?
Median Sold Price
$196,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in LaFayette was $196,000 in May 2024, up 3.2% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $40K | $127K | +217.5% |
2 Bedrooms | $132.5K | $159.9K | +20.7% |
3 Bedrooms | $198.4K | $199.9K | +0.8% |
4 Bedrooms | $229K | $240K | +4.8% |
5+ Bedrooms | $360K | $294.9K | -18.1% |
Summary: LaFayette housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 217.5%, 2 bedroom homes increased by 20.7%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 18.1%.
Median Sold Price Compared To Nearby Cities
LaFayette | $189.8K | $196K | +3.2% |
La Fayette | $204.3K | $210K | +2.8% |
Housing Supply in LaFayette, GA
How many homes are available in LaFayette, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
100 | 91 | -9.0% |
Summary: The LaFayette real estate market had 91 homes for sale in May 2024, a 9.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 17 | 12 | -29.4% |
3 Bedrooms | 68 | 60 | -11.8% |
4 Bedrooms | 15 | 16 | +6.7% |
5+ Bedrooms | 0 | 3 | +100.0% |
Summary: The LaFayette housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 29.4%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 19 | -24.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in LaFayette in May 2024, down by 24.0% month-over-month. Of the 18 sold homes, 67% were sold under asking, 6% were sold at asking, and 28% were sold over asking.
Days on Market for LaFayette, GA
How long does it take to sell a home in LaFayette, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
6 Days | 27 Days | +330.3% |
Summary: Homes in LaFayette had an average of 27 days on market in May 2024, up by 330.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 19 homes were sold in LaFayette; 26% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.