Lafayette Real Estate Market - February, 2018
If you're considering buying or selling real estate it's important to stay updated on current market trends. Here's a look at what sold in the Lafayette and West Lafayette real estate market in February.
Homes That Sold - In February there were 110 homes in Tippecanoe County that sold. The prices ranged from $16,000-$470,000. Out of all of those homes only 2 of them were foreclosures which sold for $51,000 and $82,000. The average days on market for all of Tippecanoe County in February was only 34 days! We'll break down the sales by school district to help you get a better idea of what homes are selling near you.
Harrison High School - In the Harrison district there were 34 homes that sold ranging from $48,000-$456,000 - One of which was the foreclosure mentioned above that sold for $51,000. The average sale price for this area was $226,114, and the average days on market was 47.
West Lafayette High School - In the West Lafayette school district there were only 7 homes that sold ranging from $74,500-$199,000. The average sale price for this area was $135,714, and the average days on market for listings in this area was 19.
McCutcheon High School -In the McCutcheon district there were 29 homes that sold that ranged between $63,000-$334,900. The average sale price was $186,069, and the average days on market was 23.
Jefferson High School - In the Jefferson school district there were 40 homes that sold ranging from $16,000-$470,000. The average sale price was $116,085, and the average days on market for listings in this area was 34 days.
As you may or may not know there's much more to look at than just the price of homes and days on market when searching for the right home. It's important to check into specific neighborhood statistics as well as price per square foot, lot size, upgrades, etc.. A home with an awesome tree house is obviously worth more than something with granite countertops, heated floors, theater rooms.. you get the idea. Tree houses are awesome.
In all seriousness- you should contact your local real estate agent to give you the knowledge you need to make an informed and confident decision before buying or selling real estate in Lafayette, IN. Happy house hunting from all of us at Parker Team Homes!
Kirby has lived in Indiana his whole life and has been an agent with Parker Team Homes since 2011. You can contact him directly at (765)421-1562.