West Lafayette University Farm 4 Bedroom homes for sale near Purdue Research Park, Cumberland Elementary that closed in 2014.
Market Report: University Farm 4 bedroom homes sold in 2014
University Farm 4 bedroom home sales in 2014 at a glance
Number of homes sold: 11 (13)*
Average days on market: 12 (14)
Median days on market: 4 (10)
Average sales price: $273,204 ($273,023)
Median sales price: $263,750 ($269,900)
Average age of home: 23 years (23 years)
Average sale to list price: 98% (99%)
Median sale to list price: 98% (100%)
* Figures in red are University Farm 4 bedroom home sale in 2013
Analysis
University Farm 4 bedroom homes for sale in West Lafayette, IN 47906 near the Purdue Research Park, Cumberland Elementary, and the West Lafayette High School Sports Complex continue to sell at a very brisk pace as the median days on market decreased from 10 last year to 4 DAYS in 2014!
The average sales price remained the same from a year ago, but the median sale price declined as over a third of the homes that sold this year were smaller 4 bedroom homes without basements. This pulled down the median sales price 2%. The sale to list price dropped slightly in 2014 but is still at a very high level for the West Lafayette, Indiana 47906 Real Estate Market.
The total finished square footage for a University Farm 4 bedroom home for sale that sold in 2014 came in at just over 2,900 square feet.
Price Points within University Farm 4 bedroom homes for sale
When looking to buy a University Farm 4 bedroom home for sale there were two major price points in 2014 homes that sold.
Smaller two story 4 bedroom homes without a basement
*** ranged in size from 2,230 up to 2,360 finished square feet on a slab or crawl space
*** offered 2 full bathrooms and a half bathroom
*** the average and median sale price came in between $240,000 and $241,000
*** the low sale was $225,000 and the high sale was $253,000
Larger two story 4 bedroom homes with finished basements
*** ranged in size from 2,950 up to 4,200 total finished square feet
*** about half of these larger homes had three full bathrooms and a half bathroom.
*** the average sale price was $304,200
*** the median sale price was $275,000
*** low sale was $265,000 and the high sale was $392,000
Summary
West Lafayette's University Farm is a popular subdivision because of its location near the Purdue Research Park, Cumberland Elementary School, The West Lafayette Farmer's Market, The West Lafayette High School Athletic Complex, and West Lafayette Parks and Recreation fields and hiking trails.
University Farm has TWO parks within the subdivision and is within the award winning West Lafayette Community Schools. Homes in University Farm began construction in the early 1980's and the last homes were built in the early 2000's.
University Farm 4 bedroom homes continue to sell very quickly in the West Lafayette Indiana real estate market. Contact Sharon and Bruce Walter 765-418-1886 to view available West Lafayette University Farm homes for sale near the Purdue Research Park.
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