Is Lafayette, OH 45854 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Lafayette is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list0%Share of sales, last 3 months

Median sale-to-list84.8%Sold price ÷ list price

Median days on market95Listing to accepted offer

Median price per sq ft$122▼ −4.6% vs. last year

The Lafayette housing market right now

In the three months ending August 31, 2026, 0% of homes in Lafayette, OH 45854 sold above their list price and the typical home went under contract in 95 days. With only 1 sale, 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 100% and the median sale price held steady to $139,939. Overall, Lafayette is less competitive than a year ago, which gives buyers more room.

Within Allen County, homes here sell more slowly than in 89% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.

Nearby, Lima 45801 (33% sold over asking) and Harrod 45850 (33% sold over asking) are even more competitive.

About the area

Allen County, OH

Population	293
Median income	$53,125
Average income	$67,581
Median home value	$121,300
Median rent	$647/month
Owner-occupied	78% of homes
Median year built	1938

Natural hazard riskWinter storms (moderate), hail (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 45854; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 45854

Prefilled for 45854Can I win this house?Multiple-offer likelihood for a listing Prefilled for 45854Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Beaverdam 45808 — /sq ft Bluffton 45817Seller’s market $173 /sq ft Delphos 45833Seller’s market $110 /sq ft Harrod 45850Seller’s market $159 /sq ft Browse all markets →

Where Lafayette is

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Questions about Lafayette real estate

How fast do homes sell in Lafayette?

The typical home went under contract in 95 days in the latest three months.

Do homes in Lafayette sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 84.8% of the list price.

What are property taxes in Lafayette?

About 1.12% of a home’s value a year in Allen County, or roughly $4,480 on a $400,000 home.

What is the median home price in Lafayette?

The median sale price was $139,939 in the three months ending August 31, 2026, about $122 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology