$2,374 Closing Credit*
$199,900
910 SqFt
2 Beds
•1 Full Bath
Naomi Richardson, Listing Office: Mark Spain Real Estate
Is Louisburg Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 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
$346,872
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$25,692(+8.0%)
Key Takeaway
Homes in Louisburg Township have sold for 8% more than they did a year ago.
Summary: The median home sold price in Louisburg Township was $346,872 in September 2024, up 8% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $204.9K | $425K | +107.4% |
| 2 Bedrooms | $189.9K | $245K | +29.0% |
| 3 Bedrooms | $324.7K | $339K | +4.4% |
| 4 Bedrooms | $342.5K | $575K | +67.9% |
| 5+ Bedrooms | $358K | $650K | +81.6% |
Summary: Louisburg Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 107.4%, 2 bedroom homes increased by 29%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 67.9%, and 5+ bedroom homes increased by 81.6%.
Median Sold Price Compared To Nearby Cities
| Louisburg Township | $321.1K | $346.8K | +8.0% |
| Louisburg | $321.7K | $346.6K | +7.8% |
| Franklinton Township | $380.1K | $370K | -2.7% |
| Hayesville Township | $413K | $380K | -8.0% |
Housing Supply in Louisburg Township, NC
How many homes are available in Louisburg Township, NC?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 143 | 148 | +3.5% |
Summary: The Louisburg Township real estate market had 148 homes for sale in September 2024, a 3.5% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 107 | 114 | +6.5% |
| 4 Bedrooms | 25 | 22 | -12.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Louisburg Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 24 | 23 | -4.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Louisburg Township, expect to pay close to the asking price. 56.5% of homes here sold near the asking price last month.
Summary: A total of 23 homes were sold or pending in Louisburg Township in September 2024, down by 4.2% month-over-month. Of the 23 sold homes, 35% were sold under asking, 57% were sold at asking, and 9% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 86 Days | 40 Days | -53.2% |
Summary: Homes in Louisburg Township had an average of 40 days on market in Sep 2024, down by 53.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Louisburg Township has remained consistent over time.
Summary: During September 2024, 23 homes were sold in Louisburg Township; 39% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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