$5,818 Closing Credit*
$489,900
2,632 SqFt
4 Beds
•2 Full Baths
Sarah Gordon, Listing Office: Pitts and Manns Realty, Inc.
Is Louisa, VA 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, Louisa has remained a Seller's Market.
Key Takeaway
Louisa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Louisa, VA
How much do homes in Louisa, VA cost?
Median Sold Price
$360,680
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,690(+4.5%)
Key Takeaway
Homes in Louisa have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Louisa was $360,680 in October 2024, up 4.5% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $150K | N/A |
| 2 Bedrooms | $215K | $210K | -2.3% |
| 3 Bedrooms | $345K | $360K | +4.3% |
| 4 Bedrooms | $342K | $382K | +11.7% |
| 5+ Bedrooms | $574.9K | $550K | -4.3% |
Summary: Louisa housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes decreased by 4.3%.
Housing Supply in Louisa, VA
How many homes are available in Louisa, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 91 | 102 | +12.1% |
Summary: The Louisa real estate market had 102 homes for sale in October 2024, a 12.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 11 | +22.2% |
| 3 Bedrooms | 45 | 53 | +17.8% |
| 4 Bedrooms | 29 | 29 | 0.0% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Louisa 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 22.2%, 3 bedroom homes increased by 17.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 22 | +69.2% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Louisa, expect to pay close to the asking price. 40.9% of homes here sold near the asking price last month.
Summary: A total of 22 homes were sold or pending in Louisa in October 2024, up by 69.2% month-over-month. Of the 22 sold homes, 32% were sold under asking, 41% were sold at asking, and 27% were sold over asking.
Days on Market for Louisa, VA
How long does it take to sell a home in Louisa, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 38 Days | 30 Days | -20.1% |
Summary: Homes in Louisa had an average of 30 days on market in Oct 2024, down by 20.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Louisa are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 22 homes were sold in Louisa; 55% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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