Thursday, December 10, 2020

Lafayette, CA, 94549 2021 Real Estate Market Appreciation & Housing Market Trends

The predominate size of homes in the city based on the number of bedrooms. Homes include single family houses as well as apartment and condominium units. NeighborhoodScout reveals the home appreciation rates for every city, town, and even most neighborhoods in America. With their mild climates, dynamic economies, and constrained housing markets, California’s top two metro areas lead the nation in home prices. Over the last two decades, the Bay Area has led the nation every single year, with recent data ranking Los Angeles number two.

median home price in lafayette ca

The data reflect appreciation rates for the neighborhood overall, not necessarily each individual house in the neighborhood. There are currently 38 single family detached homes pending sale in Lafayette CA . The list price of these homes ranges from $449,900 to $1,800,000 and the median home price for single family homes pending sale in Lafayette CA is $974,000. There are currently 37 single family detached homes pending sale in Lafayette CA .

What is the Zillow Home Values Index?

Median home prices in Solano County were less than half the regional average at around $300,000 in 2015. Antioch and Pittsburg in eastern Contra Costa County have similar home prices. Lower incomes can leave homeowners in these locations paying higher shares of income on housing than in more expensive, but more affluent parts of the region.

median home price in lafayette ca

Explore how many homes are likely to flood in nearby cities, compared to . Flood risk data is provided by Risk Factor™, a product of the nonprofit First Street Foundation. Risk Factor™ is a peer reviewed scientific model, designed to approximate flood risk and not intended to include all possible risks of flood. The latest migration analysis is based on a sample of about two million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user must have viewed at least 10 homes in a three month period. Notably, Lafayette's appreciation rate in the latest quarter is one of the lowest in America.

Zip Codes in Lafayette, LA

Homes in Lafayette receive 2 offers on average and sell in around 11 days. The average sale price of a home in Lafayette was $1.97M last month, up 16.5% since last year. The average sale price per square foot in Lafayette is $833, down 1.1% since last year.

median home price in lafayette ca

Can sell for around list price and go pending in around 30 days. Can sell for around list price and go pending in around 29 days. Zillow's metrics aim to inform and support the decision-making process with relevant market data by measuring monthly market changes across various geographies and housing types.

Metro Comparison for Home Prices

Some of the hottest neighborhoods near Lafayette, CA are Buena Vista Area, Reliez Valley Area, Upper Happy Valley, Trails, Downtown Lafayette. Neighborhood appreciation rate data are based on transactions involving conforming, conventional mortgages. Only mortgage transactions on single-family properties are included.

median home price in lafayette ca

The list price of these homes ranges from $399,900 to $2,495,000 and the median home price for single family homes pending sale in Lafayette CA is $849,900. Homes for sale in Lafayette, CA have a median listing home price of $1,848,888. There are 47 active homes for sale in Lafayette, CA, which spend an average of 48 days on the market.

Subdivision in Lafayette, CA

Housing market information is provided by Altos Research, Inc. based on analysis of all active market properties for sale in the US in the preceding week. All analytics are copyright Altos Research and not affiliated with any MLS. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more. Drought risk is based on water stress, which estimates how much of the future water supply will be used for human purposes, like watering the lawn. Median home value is the value which has equal numbers of homes valued above and below it. The median home value is more stable than the average home value, which can be greatly affected by a few very high or very low home values.

Our data are designed to capture changes in the value of single-family homes at the city, town and even the neighborhood level. Different neighborhoods within a city or town can have drastically different home appreciation rates. Our data are built upon median house values in each neighborhood, and combine data from the United States Bureau of the Census with quarterly house resale data.

Average rain and snow in Lafayette, CA

Home prices are a reflection of many factors, including the supply of homes and the strength of the local economy (as reflected in the incomes of would-be homeowners currently in the market). Both in the Bay Area and elsewhere in the United States, demand has historically been quite strong. Given our region’s robust economy, limited supply of developable land and overall desirability as a place to live, it is no surprise that Bay Area home sale prices significantly exceed the national average. Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lafayette. Owner-occupied housing accounts for 71.03% of Lafayette's homes, and 61.82% have either three or four bedrooms, which is average sized relative to America. Zillow Home Value Index , built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

median home price in lafayette ca

ClimateCheck™ analyzes a property's risk from climate change using the latest modeling and data from climate scientists, universities, and federal agencies. Can sell for about 2% above list price and go pending in around 12 days. Can sell for about 27% above list price and go pending in around 13 days. Can sell for about 4% above list price and go pending in around 6 days. Check out Lafayette, CA HUD homes for sale, which may include auction properties, for sale by owner, and more.

In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lafayette were at 2.63%, which equates to an annual appreciation rate of 10.95%. Single-family detached homes are the single most common housing type in Lafayette, accounting for 75.19% of the city's housing units. Mortgages on properties financed by government-insured loans, such as FHA or VA mortgages, are excluded, as are properties with mortgages whose principal amount exceeds the conforming loan limit. Mortgage transactions on condominiums or multi-unit properties are also excluded. As such, NeighborhoodScout does not produce appreciation rates for neighborhoods that consist solely of renters or have no single-family homes . In the last twelve months, Lafayette's appreciation rate has been 8.55%, which is lower than appreciation rates in most communities in America.

median home price in lafayette ca

Storm risk estimates how much climate change increases the chances of extreme precipitation, when a lot of rain or snow falls in a short time, including thunderstorms, snowstorms, and tropical cyclones. Heat risk estimates how much climate change might increase the typical number of hot days in a year and the likelihood of extreme heat and heatwaves. Percentages are based on the number of housing units for each type over the total number of units across all types.

The average homes sell for about 2% below list price and go pending in around 42 days. In November 2022, Lafayette home prices were up 6.5% compared to last year, selling for a median price of $618K. On average, homes in Lafayette sell after 49 days on the market compared to 30 days last year. There were 19 homes sold in November this year, down from 47 last year. The average homes sell for about 1% below list price and go pending in around 28 days.

median home price in lafayette ca

It has a vibrant shopping area located on the main strip known as Mt Diablo Blvd with plenty of palate pleasing restaurants. Many of the residence and nearby cities enjoy the Reservoir and you can find them walking, running, holding a family get-together, and taking family pictures from dusk to dawn. Most Expensive Home This home is priced higher than nearby homes.

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