$32,500
0.46 Acres
Land
Terrie Siebert, Listing Office: Century 21 Folks Properties
Is Louisburg Township, 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 Township has remained a Seller's Market.
Key Takeaway
Louisburg Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Louisburg Township, NC
How much do homes in Louisburg Township, 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 Township have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Louisburg Township 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 | $325.3K | $343K | +5.4% |
| 4 Bedrooms | $350K | $600K | +71.4% |
| 5+ Bedrooms | $358K | $650K | +81.6% |
Summary: Louisburg Township 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 Township | $325K | $348.7K | +7.3% |
| Louisburg | $325K | $348.7K | +7.3% |
| Franklinton Township | $375.5K | $375.4K | 0% |
| Hayesville Township | $404.5K | $382.5K | -5.4% |
Housing Supply in Louisburg Township, NC
How many homes are available in Louisburg Township, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 150 | 144 | -4.0% |
Summary: The Louisburg Township 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 Township 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 Township, 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 Township 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 Township, NC
How long does it take to sell a home in Louisburg Township, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 69 Days | 30 Days | -55.6% |
Summary: Homes in Louisburg Township 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 30 homes were sold in Louisburg Township; 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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