Why Live in Southlea
Southlea, located 4 miles south of downtown Lafayette, is a neighborhood known for its affordability and practicality, featuring primarily ranch-style prefabricated homes built in the 1950s. These homes, typically with three bedrooms and one bathroom, have shifted from being rental-focused to highly sought-after properties due to the current housing market demand. Southlea is conveniently situated 5 miles from Interstate 65, facilitating easy travel to Indianapolis and Chicago. Public transportation is accessible with several CityBus stops nearby. For recreation, Armstrong Park, adjacent to Southlea, features an aquatic complex, walking trails, playgrounds, and sports courts. Manitou Park and the Linear Trail offer additional outdoor activities. Local dining options include Walt's Other Pub and Teays River Brewery & Public House, both within walking distance. Grocery shopping is convenient with Pay Less and Walmart Super Center located 2 and 3 miles away, respectively. Annual events like A Taste of Tippecanoe and the 4-H Club Fair provide community engagement opportunities. Schools in the area include the highly rated Edgelea Elementary School and Jefferson High School, which offers dual credit courses with Purdue University and Ivy Tech Community College. While Southlea has many attractive features, potential residents should be aware of the increased risk of flooding in certain areas of the neighborhood.
Home Trends in Southlea, IN
On average, homes in Southlea, Lafayette sell after 16 days on the market compared to the national average of 70 days. The median sale price for homes in Southlea, Lafayette over the last 12 months is $989,000, up 72% from the median home sale price over the previous 12 months.
Median Sale Price
$989,000
Median Single Family Sale Price
$744,475
Average Price Per Sq Ft
$241
Number of Homes for Sale
2
Last 12 months Home Sales
1
Median List Price
$640,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
72%