$4,927 Closing Credit¹
#6252510, Listing office: All-American Realty
Lafayette Township Housing Market Report May 2025•Coles County, Illinois
Housing Prices in Lafayette Township, IL
How much do homes in Lafayette Township, IL cost?
Housing Market Conditions
Is Lafayette Township, IL a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Lafayette Township is a Seller's Market
Difference Since May 2024
Since last year, Lafayette Township has remained a Seller's Market.
Insight
Lafayette Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$242,500$139/SqFt
+$52,550
+27.7%
Based on all homes sold in the last 12 months
Insight
Homes in Lafayette Township have sold for 27.7% more than they did a year ago.
Summary: The median home sold price in Lafayette Township was $242,500 in May 2025, up 27.7% from last year, and the median price per square foot was $139.
Median Sold Price By Cities
| City | May 2024 | May 2025 | Change YoY |
|---|---|---|---|
| Lafayette Township | $189.9K | $242.5K | +27.7% |
| Charleston | $129.9K | $143.1K | +10.2% |
| Mattoon | $119.5K | $125K | +4.6% |
| Mattoon Township | $119.5K | $125K | +4.6% |
| Humboldt Township | $120K | $78.7K | -34.4% |
Median Sold Price By Bedrooms
| Beds | May 2024 | May 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $174.5K | $102.5K | -41.3% |
| 33 Bedrooms | $180K | $227.5K | +26.4% |
| 44 Bedrooms | $299.9K | $280K | -6.6% |
| 55+ Bedrooms | $417.5K | $552.5K | +32.3% |
Summary: Lafayette Township housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -41.3%. The home price for 3 bedroom homes increased by +26.4%. The home price for 4 bedroom homes decreased by -6.6%. The home price for 5 bedroom homes increased by +32.3%.
How does Lafayette Township, IL compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Lafayette Township, IL
Housing supply in Lafayette Township, IL
How many homes are available in Lafayette Township, IL?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 8Last MonthMay 2025 | ||
| 112 months agoApr 2025 | -27.3 % Change MoMApr – May |
Summary: The Lafayette Township real estate market had 8 homes for sale in May 2025, a 27.3 % decrease compared to Apr 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 2Last MonthMay 2025 | ||
| 42 months agoApr 2025 | -50.0 % Change MoMApr – May |
Homes For Sale By Bedroom Count
| Beds | Apr 2025 | May 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 0 | 0 | 0.0% |
| 33 Bedrooms | 5 | 2 | -60.0% |
| 44 Bedrooms | 5 | 6 | +20.0% |
| 55+ Bedrooms | 1 | 0 | -100.0% |
Summary: Lafayette Township housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -60.0%. The inventory for 4 bedroom homes increased by +20.0%. The inventory for 5 bedroom homes decreased by -100.0%.
Asking Price vs. Sold Price
How much do homes in Lafayette Township, IL cost?
Over Asking Price1 Home
At Asking Price0 Home
Under Asking Price1 Home
Insight
If you're buying a home in Lafayette Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Lafayette Township in May 2025, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and and 50% were sold over asking.
Days on Market for Lafayette Township, IL
How long does it take to sell a home in Lafayette Township, IL?
Breakdown of Home Sale Times
Under 30 Days1 Home
30 – 90 Days0 Home
Over 90 Days1 Home
Insight
Many homes in Lafayette Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2025, 2 homes were sold in Lafayette Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 60 DaysThis YearMay 2025 | ||
| 12 Days1 year agoMay 2024 | +370.6 % Change YoYMay 2024 – May 2025 |
Summary: Homes in Lafayette Township had an average listing age of 60 days in May 2025, up by 370.6% compared to the previous year.
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Newest Listings in Lafayette Township, IL
What homes are available in Lafayette Township, IL?
#6252354, Listing office: Century 21 KIMA Properties
#6252136, Listing office: Century 21 KIMA Properties
#6252134, Listing office: Century 21 KIMA Properties
Backup offers
$3,622 Closing Credit¹
#6252110, Listing office: Century 21 KIMA Properties
Backup offers
$4,630 Closing Credit¹
#6251760, Listing office: Century 21 KIMA Properties
$2,255 Closing Credit¹
#6251202, Listing office: Glenda Williamson Realty
$4,988 Closing Credit¹
#6250966, Listing office: Century 21 KIMA Properties
$8,311 Closing Credit¹
#6247316, Listing office: KELLER WILLIAMS-TREC
#6243163, Listing office: TCI Realty, LLC
#6245536, Listing office: Century 21 KIMA Properties
#6241192, Listing office: Keller Williams Realty
Nearby markets
Nearby markets aren't available for Lafayette Township, IL
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MLS Disclaimers and Copyright
Based on information from Central Illinois Board of Realtors MLS, for the period 06/01/2023 - 06/01/2025
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Central Illinois Board of Realtors. IDX information 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. Information deemed reliable but not guaranteed. Copyright© 2025 Central Illinois Board of Realtors.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/24/2025, 8:45:36 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/24/2025, 8:45:36 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.