La Fayette Housing Market Report December 2024•Walker County, Georgia

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Housing Prices in La Fayette, GA

How much do homes in La Fayette, GA cost?

Housing Market Conditions

Is La Fayette, GA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

La Fayette is a Neutral Market

Difference Since December 2023

At the same time last year, La Fayette was a Seller's Market.

Insight

La Fayette is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$222,408$165/SqFt
+$16,345
+7.9%

Based on all homes sold in the last 12 months

Insight

Homes in La Fayette have sold for 7.9% more than they did a year ago.

Summary: The median home sold price in La Fayette was $222,408 in December 2024, up 7.9% from last year, and the median price per square foot was $165.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
LaFayette
+16.2%
La Fayette
+7.9%
Rock Spring
+5.7%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1$127K$40K
-68.5%
2$149K$150K
+0.7%
5$412.5K$409.9K
-0.6%
3$210K$229K
+9.0%
4$265K$260K
-1.9%

Summary: La Fayette housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -68.5%. The home price for 2 bedroom homes increased by +0.7%. The home price for 5 bedroom homes decreased by -0.6%. The home price for 3 bedroom homes increased by +9.0%. The home price for 4 bedroom homes decreased by -1.9%.

Housing supply in La Fayette, GA

How many homes are available in La Fayette, GA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
128Last MonthDec 2024
1252 months agoNov 2024
+2.4 %
Change MoMNov – Dec

Summary: The La Fayette real estate market had 128 homes for sale in Dec 2024, a 2.4 % increase compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
21Last MonthDec 2024
152 months agoNov 2024
+40.0 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
113
+200.0%
22019
-5.0%
522
0.0%
38582
-3.5%
41722
+29.4%

Summary: La Fayette housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes increased by +200.0%. The inventory for 2 bedroom homes decreased by -5.0%. The inventory for 5 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -3.5%. The inventory for 4 bedroom homes increased by +29.4%.

Asking Price vs. Sold Price

How much do homes in La Fayette, GA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price3 Homes

At Asking Price3 Homes

Under Asking Price14 Homes

Insight

If you're buying a home in La Fayette, you may be able to get a good deal. 70% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in La Fayette in December 2024, up by 40.0% month-over-month. Of the 20 sold homes, 70% were sold under asking, 15% were sold at asking, and and 15% were sold over asking.

Days on Market for La Fayette, GA

How long does it take to sell a home in La Fayette, GA?

Breakdown of Home Sale Times

Under 30 Days7 Homes

30 – 90 Days1 Home

Over 90 Days1 Home

Insight

Many homes in La Fayette are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 21 homes were sold in La Fayette; 33% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
31 DaysThis YearDec 2024
12 Days1 year agoDec 2023
+141.8 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in La Fayette had an average listing age of 31 days in Dec 2024, up by 141.8% compared to the previous year.

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Newest Listings in La Fayette, GA

What homes are available in La Fayette, GA?

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MLS Disclaimers and Copyright

Based on information from Chattanooga MLS / Multiple Listing Service of Chattanooga Inc., Georgia MLS, RealTracs Middle Tennessee Regional MLS, First Multiple Listing Service Inc., and River Counties MLS for the period 01/01/2023 - 01/01/2025

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Last updated on: 1/30/2025, 4:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/30/2025, 4:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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The data relating to this real estate for sale on this websites comes in part courtesy of the IDX program of the REALTRACS MLS. Real estate listings held by brokerage firms other than this broker are marked with the REALTRACS IDX Logo. REALTRACS and this broker deem all information reliable but not guaranteed, and should be independently verified. REALTRACS and this broker assume no responsibility for typographical errors, misprints or misinformation.

REALTRACS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/30/2025, 4:18:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/30/2025, 4:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/30/2025, 4:15:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.