Is Louisburg, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Louisburg has remained a Seller's Market.
Key Takeaway
Louisburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Louisburg, NC
How much do homes in Louisburg, NC cost?
Median Sold Price
$335,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Louisburg have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Louisburg was $335,000 in March 2024, up 6.2% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $179.9K | $490K | +172.3% |
| 2 Bedrooms | $207K | $233K | +12.6% |
| 3 Bedrooms | $318.2K | $331.5K | +4.2% |
| 4 Bedrooms | $378K | $365K | -3.4% |
| 5+ Bedrooms | $296K | $650K | +119.6% |
Summary: Louisburg housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 172.3%, 2 bedroom homes increased by 12.6%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 119.6%.
Median Sold Price Compared To Nearby Cities
| Louisburg | $315.3K | $335K | +6.2% |
| Louisburg Township | $315.3K | $333.2K | +5.7% |
Housing Supply in Louisburg, NC
How many homes are available in Louisburg, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 136 | 139 | +2.2% |
Summary: The Louisburg real estate market had 139 homes for sale in March 2024, a 2.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 101 | 104 | +3.0% |
| 4 Bedrooms | 23 | 22 | -4.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Louisburg housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 25 | 0.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Louisburg, you may be able to get a good deal. 44% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Louisburg in March 2024, the same as the previous month. Of the 25 sold homes, 44% were sold under asking, 16% were sold at asking, and 40% were sold over asking.
Days on Market for Louisburg, NC
How long does it take to sell a home in Louisburg, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 131 Days | 93 Days | -28.9% |
Summary: Homes in Louisburg had an average of 93 days on market in Mar 2024, down by 28.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Louisburg has remained consistent over time.
Summary: During March 2024, 25 homes were sold in Louisburg; 4% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.
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