$3,088 Closing Credit*
$260,000
2,203 SqFt
3 Beds
•1 Full Bath
Asa Fleming, Listing Office: Allen Tate/Raleigh-Glenwood
Is Louisburg Township, 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 Township was a Seller's Market.
Key Takeaway
Louisburg Township 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 Township, NC
How much do homes in Louisburg Township, NC cost?
Median Sold Price
$349,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$22,592(+6.9%)
Key Takeaway
Homes in Louisburg Township have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Louisburg Township was $349,000 in November 2024, up 6.9% 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 | $328.8K | $346.2K | +5.3% |
| 4 Bedrooms | $353.5K | $625K | +76.8% |
| 5+ Bedrooms | $358K | $650K | +81.6% |
Summary: Louisburg Township 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 5.3%, 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% |
| Franklinton Township | $374.9K | $379.9K | +1.3% |
| Hayesville Township | $415K | $363K | -12.5% |
Housing Supply in Louisburg Township, NC
How many homes are available in Louisburg Township, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 146 | 131 | -10.3% |
Summary: The Louisburg Township 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 Township 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 Township, 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 Township 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 Township, NC
How long does it take to sell a home in Louisburg Township, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 80 Days | 71 Days | -11.0% |
Summary: Homes in Louisburg Township 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 Township 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 Township; 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.
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