Photo: Zeete · CC BY-SA 4.049 homes sold in Lafayette Township in the last year, at a typical $488K
Redfin reports Lafayette Township’s sales by ZIP code, so these figures are for ZIP 07848, which takes in Lafayette Township and the area around it. Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Lafayette Township homes are listed.
Every place Lafayette Township homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Lafayette Township.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 96% of Lafayette Township’s sales, at a typical $507K
49 homes sold in the year to May 2026.
typical sale · 47 sold in 12 months
- Per square foot
- $264NJ $331
- Days to sell
- 27
- Sold over asking
- 68%
About as many homes sell as usual, at 2.2 times the 2016 price
49 sales in the last year, against 75 in 2020 and a low of 42 in 2024. The typical sale went from $220K in 2016 to $488K.
Source: Redfin Data Center, MLS sales; for ZIP 07848, which takes in Lafayette Township and the area around it (each month is a 3-month rolling window, its counts divided by 3). Typical price and $/sq ft are the monthly medians, weighted by sales.
What $500K buys in Lafayette Township
Check a listing against what Lafayette Township homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Lafayette Township are more common than before the pandemic, but 80% fewer homes come up for sale
We read every month of home sales in ZIP 07848 since 2016 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 49 sales.
If you’re buying in Lafayette Township
- Shop in August. It brings about 7 new listings a month, close to the busiest month, with fewer bidding wars (37% over asking).
- Expect to bid over asking. Buyers paid 102.8% of the list price on average; 67% paid over.
- You’ll usually have time. Only 29% of homes go under contract within two weeks; the typical one takes 28 days.
Summer brings the homes; spring brings the bidding wars
June has the most new listings (about 7 a month), but May is the most competitive: 42% of May sales close over asking. July and August offer nearly as much choice with fewer homes bid up (41%). February has the least competition (33%) but only about 4 new listings.
Averages for each calendar month, 2015 on.
Hotter than in 2021, and hotter than New Jersey
| Lafayette Township now | 2017–19 | 2021 peak | NJ now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 67% | 27% | 50% | 48% |
| Gone within two weeksShare of homes under contract within 14 days | 29% | 0% | 0% | 31% |
| Listings with a price cutShare of homes for sale that cut their price | — | — | — | 17% |
| Price paid vs. askingAverage sale price ÷ list price | 102.8% | 97.9% | 100.1% | 101.2% |
| Days to sellMedian days from listing to contract | 28 | 109 | 98 | 45 |
6 homes for sale on a typical day
That’s 80% fewer than in 2017–19 and well under 2017’s 35.
Source: Redfin Data Center, ZIP code tracker; for ZIP 07848, which takes in Lafayette Township and the area around it (each month is a 3-month rolling window, its counts divided by 3), January 2016 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Five things worth knowing
New listings in June
The month with the most choice. January has the fewest, about 3.
Best time to buySchools
The schools grade for Lafayette Township, from test results, graduation and how much students grow.
Schools in Lafayette TownshipTypical commute
The average one-way trip to work for people who live in Lafayette Township.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Hamburg and Sussex sell for less a square foot
The busier markets within 25 miles of Lafayette Township, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Lake Mohawk | 143 | $578K | $314 | 50% | 39 |
| Newton | 103 | $393K | $262 | 63% | 36 |
| Hamburg | 82 | $371K | $251 | 55% | 48 |
| Franklin | 59 | $370K | $275 | 73% | 29 |
| Lafayette Township (ZIP 07848) | 49 | $488K | $262 | 67% | 28 |
| Ogdensburg | 34 | $431K | $268 | 71% | 39 |
| Sussex | 20 | $373K | $233 | 45% | 39 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Lafayette Township, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Lafayette Township. People who follow the town see it, and so do people comparing Lafayette Township with their own town. No commission, no listing fee.
Questions about buying a home in Lafayette Township
What do homes sell for in Lafayette Township, NJ?
49 homes sold in the year to May 2026 at a typical $488K, $262 a square foot.
Is Lafayette Township a buyer’s or seller’s market?
A balanced market: 10 homes were for sale in May 2026 and 2 sold, about 4.3 months of supply. Buyers paid 102.8% of asking on average.
When is the best time to buy in Lafayette Township?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
Where can I see homes for sale in Lafayette Township?
Zillow, Redfin, Realtor.com and Homes.com all carry Lafayette Township’s MLS listings; the search links above open each one filtered to Lafayette Township.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; for ZIP 07848, which takes in Lafayette Township and the area around it (each month is a 3-month rolling window, its counts divided by 3)). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).