Is Louisburg Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Louisburg Township was a Seller's Market.
Key Takeaway
Louisburg Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Louisburg Township, NC
How much do homes in Louisburg Township, NC cost?
Median Sold Price
$335,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Louisburg Township have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Louisburg Township was $335,000 in May 2024, up 4.7% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $204.9K | $490K | +139.1% |
| 2 Bedrooms | $233K | $216.5K | -7.1% |
| 3 Bedrooms | $320K | $331K | +3.4% |
| 4 Bedrooms | $389K | $369.9K | -4.9% |
| 5+ Bedrooms | $265.5K | $650K | +144.8% |
Summary: Louisburg Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 139.1%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes increased by 144.8%.
Median Sold Price Compared To Nearby Cities
| Hayesville Township | $375K | $414.9K | +10.7% |
| Louisburg Township | $319.9K | $335K | +4.7% |
| Louisburg | $319.9K | $335K | +4.7% |
| Franklinton Township | $376.8K | $369.1K | -2.0% |
Housing Supply in Louisburg Township, NC
How many homes are available in Louisburg Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 137 | 135 | -1.5% |
Summary: The Louisburg Township real estate market had 135 homes for sale in May 2024, a 1.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 13 | 12 | -7.7% |
| 3 Bedrooms | 104 | 106 | +1.9% |
| 4 Bedrooms | 17 | 13 | -23.5% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Louisburg Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 23.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 19 | -13.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Louisburg Township, expect to pay close to the asking price. 52.6% of homes here sold near the asking price last month.
Summary: A total of 19 homes were sold or pending in Louisburg Township in May 2024, down by 13.6% month-over-month. Of the 19 sold homes, 32% were sold under asking, 53% were sold at asking, and 16% were sold over asking.
Days on Market for Louisburg Township, NC
How long does it take to sell a home in Louisburg Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 90 Days | 41 Days | -53.5% |
Summary: Homes in Louisburg Township had an average of 41 days on market in May 2024, down by 53.5% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Louisburg Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 19 homes were sold in Louisburg Township; 63% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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