Why Live in Lafayette Park
Lafayette Park in Detroit is a neighborhood rich in history and architectural significance. Originally known as Black Bottom, the area was redeveloped in the late 1950s and early ‘60s into a mixed-income community designed by Ludwig Mies van der Rohe. The neighborhood features the world's largest collection of buildings by Mies van der Rohe, including modernist condominiums, Co-Ops, and high-rise apartments with exposed steel, tinted glass, and aluminum accents. Lafayette Park is characterized by its substantial urban green space, including Lafayette Plaisance Park, which offers tennis courts, a basketball court, and a baseball diamond. The Dequindre Cut, a sub-street-level greenway with bike and walking lanes, adds to the neighborhood's features for cyclists and pedestrians. The Chrysler Freeway provides convenient access to other parts of Detroit, and multiple bus routes serve the area. The neighborhood's proximity to downtown Detroit means residents have a variety of shopping and dining options, from local groceries at Lafayette Foods to upscale stores and diverse restaurants downtown. Most homes are located on quiet, tree-lined streets without garages, relying on street parking or parking lots in apartment complexes.
Home Trends in Lafayette Park, MI
On average, homes in Lafayette Park, Detroit sell after 97 days on the market compared to the national average of 52 days. The median sale price for homes in Lafayette Park, Detroit over the last 12 months is $110,000, up 5% from the median home sale price over the previous 12 months.
Median Sale Price
$110,000
Median Single Family Sale Price
$427,500
Median Townhouse Sale Price
$392,500
Median 2 Bedroom Sale Price
$110,000
Median 1 Bedroom Sale Price
$75,000
Average Price Per Sq Ft
$141
Number of Homes for Sale
27
Last 12 months Home Sales
45
Median List Price
$114,950
Median Change From 1st List Price
6%
Median Home Sale Price YoY Change
5%
