Is Lafayette, NJ 07848 a buyer’s or seller’s market?

The Lafayette housing market right now

In the three months ending August 31, 2026, 56% of homes in Lafayette, NJ 07848 sold above their list price, the typical home went under contract in 44 days and there were 2.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 9 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 85%, homes sold more slowly (19 days then) and the median sale price rose 33% to $699,697. Overall, Lafayette is less competitive than a year ago, which gives buyers more room.

Within Sussex County, homes here sell more slowly than in 83% of the county’s ZIP codes, and sell more often over asking than in 56%.

Nearby, buyers who want less competition could look at Augusta 07822 (0% sold over asking) or Vernon 07462 (30% sold over asking), while Andover 07821 (71% sold over asking) and Stanhope 07874 (69% sold over asking) are even more competitive.