Lafayette Real Estate Market Update – April 2025

As we step into the summer season, Lafayette’s single-family home market continues to show strength and resilience despite a slight shift in some metrics. Here’s what the latest data from the Bay East Association of Realtors tells us about the market in April 2025.

Inventory Remains Tight, But Steady

In April, 49 detached single-family homes were listed for sale—reflecting approximately 2.6 months of inventory. This level of supply is consistent with a moderately competitive market, and while not overly constrained, it still leans in favor of sellers.

Sales Activity Shows Seasonal Cooling

Only 20 homes were sold in April, slightly down from 21 sales in March and 25 in February. This dip in activity may indicate a normal seasonal fluctuation or buyers becoming more selective amid high price points.

Prices Hold Strong

• Median Sales Price: $2,115,000

• Average Sales Price: $3,253,360

• Average Price per Sq. Ft.: $972

While the median price dropped 3.86% compared to March 2025, prices are still historically high. Compared to April 2024, the median price is down 14.6%, showing some year-over-year softening—but homes are still commanding top dollar, especially for desirable locations and move-in-ready properties.

Buyers Still Paying Over Asking

Despite the dip in median price, buyers are still competing. On average, homes sold for 104% of the list price in April, continuing a strong seller’s market trend.

Speed of Sales Remains Rapid

Homes in Lafayette are still moving quickly, averaging just 16 days on the market in April. This is a sharp drop from 25 days in March, signaling sustained demand even as some price metrics fluctuate.

Price Bracket Breakdown

Most of the market activity is concentrated in higher price ranges:

• $2M–$2.99M: 24 homes sold YTD

• $3M+: 11 homes sold YTD

Homes below $1.3M remain virtually nonexistent, reinforcing Lafayette’s position as one of the East Bay’s most premium markets.

Key Takeaways for Buyers and Sellers

For Buyers:
Expect competition and limited choices. Be prepared to move quickly and offer above asking—especially on homes in prime locations or with modern upgrades.

For Sellers:
It’s still a great time to list your home. Well-priced, well-presented properties are selling fast and often above asking. However, with some price corrections visible year-over-year, pricing strategically is more important than ever.

Whether you're looking to buy, sell, or simply keep an eye on the market, Lafayette continues to prove its value as one of the Bay Area’s most desirable communities.

Want personalized insights on your neighborhood or home? Let’s connect.