The Lafayette Park housing market is not very competitive. The median sale price of a home in Lafayette Park was $74K last month, down 80.1% since last year. The median sale price per square foot in Lafayette Park is $139, up 73.8% since last year.
What is the housing market like in Lafayette Park today?
In March 2024, Lafayette Park home prices were down 80.1% compared to last year, selling for a median price of $74K. On average, homes in Lafayette Park sell after 180 days on the market compared to 72 days last year. There were 4 homes sold in March this year, up from 3 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$74,125
-80.1% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Lafayette Park, MI
$74,125
-80.1%
United States
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How hot is the Lafayette Park housing market?
Lafayette Park is not very competitive. Homes sell in 88 days.
0
100
7
Not Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 9 months
Multiple offers are rare.
The average homes sell for about 6% below list price and go pending in around 88 days.
Hot homes
can sell for about 1% below list price and go pending in around 42 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Lafayette Park housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Lafayette Park.
Risk Factor
Flood Factor - Moderate
18% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Lafayette Park has a moderate risk of flooding. 17 properties in Lafayette Park are likely to be
severely affected
by flooding over the next 30 years. This represents 18% of all properties in Lafayette Park. Flood risk is increasing slower than the national average.
2% of properties are at risk of wildfire over the next 30 years
Fire Factor
Lafayette Park has a moderate risk of wildfire. There are 6 properties in Lafayette Park that have some risk of being affected by wildfire over the next 30 years. This represents 2% of all properties in Lafayette Park.
Lafayette Park has minimal risk of severe winds over the next 30 years
Wind Factor
Lafayette Park has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.