$245,000
5.50 Acres
Land
Suzie Robertson Storey, Listing Office: eXp Realty, LLC - C
Is Louisburg, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Louisburg has remained a Seller's Market.
Key Takeaway
Louisburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Louisburg, NC
How much do homes in Louisburg, NC cost?
Median Sold Price
$348,700
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,700(+7.3%)
Key Takeaway
Homes in Louisburg have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Louisburg was $348,700 in October 2024, up 7.3% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $226.5K | +0.7% |
| 2 Bedrooms | $212.5K | $220K | +3.5% |
| 3 Bedrooms | $325.4K | $343K | +5.4% |
| 4 Bedrooms | $350K | $600K | +71.4% |
| 5+ Bedrooms | $358K | $650K | +81.6% |
Summary: Louisburg housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.7%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes increased by 81.6%.
Median Sold Price Compared To Nearby Cities
| Louisburg | $325K | $348.7K | +7.3% |
| Louisburg Township | $325K | $348.7K | +7.3% |
Housing Supply in Louisburg, NC
How many homes are available in Louisburg, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 150 | 144 | -4.0% |
Summary: The Louisburg real estate market had 144 homes for sale in October 2024, a 4.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 120 | 110 | -8.3% |
| 4 Bedrooms | 18 | 19 | +5.6% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Louisburg housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 30 | +36.4% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Louisburg, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 30 homes were sold or pending in Louisburg in October 2024, up by 36.4% month-over-month. Of the 30 sold homes, 37% were sold under asking, 50% were sold at asking, and 13% were sold over asking.
Days on Market for Louisburg, NC
How long does it take to sell a home in Louisburg, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 69 Days | 30 Days | -55.6% |
Summary: Homes in Louisburg had an average of 30 days on market in Oct 2024, down by 55.6% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Louisburg are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 30 homes were sold in Louisburg; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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