$2,078 Closing Credit*
$175,000
998 SqFt
2 Beds
•1 Full Bath
Annie Nissen, Listing Office: ERA Woody Hogg & Assoc
Is Louisa, VA 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, Louisa was a Seller's Market.
Key Takeaway
Louisa 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 Louisa, VA
How much do homes in Louisa, VA cost?
Median Sold Price
$365,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$21,505(+6.3%)
Key Takeaway
Homes in Louisa have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Louisa was $365,000 in November 2024, up 6.3% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $150K | N/A |
| 2 Bedrooms | $198K | $247.7K | +25.1% |
| 3 Bedrooms | $345K | $360K | +4.3% |
| 4 Bedrooms | $342K | $383K | +12.0% |
| 5+ Bedrooms | $574.9K | $592.5K | +3.1% |
Summary: Louisa housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25.1%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 3.1%.
Housing Supply in Louisa, VA
How many homes are available in Louisa, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 105 | 104 | -1.0% |
Summary: The Louisa real estate market had 104 homes for sale in November 2024, a 1.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 11 | 7 | -36.4% |
| 3 Bedrooms | 57 | 60 | +5.3% |
| 4 Bedrooms | 27 | 29 | +7.4% |
| 5+ Bedrooms | 10 | 7 | -30.0% |
Summary: The Louisa housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 36.4%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes decreased by 30%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 16 | -40.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Louisa, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Louisa in November 2024, down by 40.7% month-over-month. Of the 14 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 131 Days | 29 Days | -77.5% |
Summary: Homes in Louisa had an average of 29 days on market in Nov 2024, down by 77.5% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 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 November 2024, 16 homes were sold in Louisa; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. 
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved
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