$7,124 Closing Credit*
$599,900
4,628 SqFt
4 Beds
•3 Full Baths, 1 Partial
Dawn Gupton, Listing Office: Fonville Morisey/Midtown Sales
Is Louisburg, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Louisburg was a Seller's Market.
Key Takeaway
Louisburg is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Louisburg, NC
How much do homes in Louisburg, NC cost?
Median Sold Price
$349,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$22,000(+6.7%)
Key Takeaway
Homes in Louisburg have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Louisburg was $349,000 in November 2024, up 6.7% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $225.8K | 0.4% |
| 2 Bedrooms | $220K | $207.5K | -5.7% |
| 3 Bedrooms | $329.1K | $346.2K | +5.2% |
| 4 Bedrooms | $353.5K | $625K | +76.8% |
| 5+ Bedrooms | $358K | $650K | +81.6% |
Summary: Louisburg housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.4%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 76.8%, and 5+ bedroom homes increased by 81.6%.
Median Sold Price Compared To Nearby Cities
| Louisburg Township | $326.4K | $349K | +6.9% |
| Louisburg | $327K | $349K | +6.7% |
Housing Supply in Louisburg, NC
How many homes are available in Louisburg, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 146 | 131 | -10.3% |
Summary: The Louisburg real estate market had 131 homes for sale in November 2024, a 10.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 11 | 8 | -27.3% |
| 3 Bedrooms | 110 | 99 | -10.0% |
| 4 Bedrooms | 21 | 21 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Louisburg housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 27.3%, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 21 | -34.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Louisburg, you may be able to get a good deal. 47.6% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Louisburg in November 2024, down by 34.4% month-over-month. Of the 21 sold homes, 48% were sold under asking, 43% were sold at asking, and 10% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 80 Days | 71 Days | -11.0% |
Summary: Homes in Louisburg had an average of 71 days on market in Nov 2024, down by 11% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Louisburg are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 21 homes were sold in Louisburg; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
Copyright © 2024 Doorify MLS of North Carolina. All rights reserved. Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. 
Copyright 2024 North Carolina Regional MLS LLC. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC (NCRMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.