$5,641 Closing Credit*
$475,000
1,768 SqFt
3 Beds
•2 Full Baths
JOEY CONOVER, Listing Office: NEST REALTY GROUP
Is Louisa County, 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 County has remained a Seller's Market.
Key Takeaway
Louisa County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Louisa County, VA
How much do homes in Louisa County, VA cost?
Median Sold Price
$405,000
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,916(+4.1%)
Key Takeaway
Homes in Louisa County have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Louisa County was $405,000 in October 2024, up 4.1% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $210K | -12.5% |
| 2 Bedrooms | $230.5K | $245K | +6.3% |
| 3 Bedrooms | $355.5K | $375K | +5.5% |
| 4 Bedrooms | $464.9K | $525K | +12.9% |
| 5+ Bedrooms | $1.3M | $900K | -33.3% |
Summary: Louisa County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes decreased by 33.3%.
Median Sold Price Compared To Nearby Counties
| Goochland County | $499.2K | $575K | +15.2% |
| Orange County | $395K | $413.8K | +4.8% |
| Louisa County | $389K | $405K | +4.1% |
| Spotsylvania County | $431.7K | $449.3K | +4.1% |
| Fluvanna County | $360K | $357K | -0.8% |
Housing Supply in Louisa County, VA
How many homes are available in Louisa County, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 392 | 415 | +5.9% |
Summary: The Louisa County real estate market had 415 homes for sale in October 2024, a 5.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 22 | 32 | +45.5% |
| 3 Bedrooms | 191 | 197 | +3.1% |
| 4 Bedrooms | 126 | 131 | +4.0% |
| 5+ Bedrooms | 51 | 53 | +3.9% |
Summary: The Louisa County 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 45.5%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 3.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 77 | 80 | +3.9% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Louisa County, you may be able to get a good deal. 42.5% of homes here sold below asking price last month.
Summary: A total of 80 homes were sold or pending in Louisa County in October 2024, up by 3.9% month-over-month. Of the 80 sold homes, 43% were sold under asking, 33% were sold at asking, and 25% were sold over asking.
Days on Market for Louisa County, VA
How long does it take to sell a home in Louisa County, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 44 Days | 0.4% |
Summary: Homes in Louisa County had an average of 44 days on market in Oct 2024, up by 0.4% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Louisa County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 80 homes were sold in Louisa County; 54% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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