Is La Fayette, 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, La Fayette has remained a Seller's Market.
Housing Prices in La Fayette, GA
How much do homes in La Fayette, GA cost?
Median Sold Price
$210,000
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in La Fayette was $210,000 in May 2024, up 2.8% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $41K | $206K | +402.4% |
2 Bedrooms | $136K | $159.9K | +17.6% |
3 Bedrooms | $204.3K | $220K | +7.7% |
4 Bedrooms | $234.9K | $257.5K | +9.6% |
5+ Bedrooms | $492K | $450K | -8.5% |
Summary: La Fayette housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 402.4%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes decreased by 8.5%.
Median Sold Price Compared To Nearby Cities
Villanow | $197.7K | $225K | +13.8% |
LaFayette | $189.8K | $196K | +3.2% |
La Fayette | $204.3K | $210K | +2.8% |
Rock Spring | $299K | $294K | -1.7% |
Housing Supply in La Fayette, GA
How many homes are available in La Fayette, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
144 | 147 | +2.1% |
Summary: The La Fayette real estate market had 147 homes for sale in May 2024, a 2.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 24 | 20 | -16.7% |
3 Bedrooms | 96 | 91 | -5.2% |
4 Bedrooms | 21 | 30 | +42.9% |
5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The La Fayette 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 16.7%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
33 | 31 | -6.1% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in La Fayette in May 2024, down by 6.1% month-over-month. Of the 30 sold homes, 53% were sold under asking, 23% were sold at asking, and 23% were sold over asking.
Days on Market for La Fayette, GA
How long does it take to sell a home in La Fayette, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 21 Days | +18.3% |
Summary: Homes in La Fayette had an average of 21 days on market in May 2024, up by 18.3% compared to last year.
Breakdown of Home Sale Times
9 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, 31 homes were sold in La Fayette; 29% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.