Is Louisburg Township, 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 Township has remained a Seller's Market.
Key Takeaway
Louisburg Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Louisburg Township, NC
How much do homes in Louisburg Township, NC cost?
Median Sold Price
$333,250
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Louisburg Township have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Louisburg Township was $333,250 in March 2024, up 5.7% 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 | $331K | +4.0% |
| 4 Bedrooms | $378K | $365K | -3.4% |
| 5+ Bedrooms | $296K | $650K | +119.6% |
Summary: Louisburg Township 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%, 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% |
| Franklinton Township | $375K | $364.3K | -2.9% |
Housing Supply in Louisburg Township, NC
How many homes are available in Louisburg Township, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 136 | 139 | +2.2% |
Summary: The Louisburg Township 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 Township 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 Township, 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 Township 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 Township, NC
How long does it take to sell a home in Louisburg Township, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 131 Days | 93 Days | -28.9% |
Summary: Homes in Louisburg Township 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 Township has remained consistent over time.
Summary: During March 2024, 25 homes were sold in Louisburg Township; 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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Copyright 2024 North Carolina Regional MLS LLC. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC (NCRMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.
The data relating to real estate for sale on this web site comes in part from the Longleaf Pine REALTORS®, Inc. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawl. Neither listing broker(s) nor Longleaf Pine REALTORS®, Inc. shall be held responsible for typographical errors, misinformation, misprints and shall be held totally harmless. Copyright 2024 Longleaf Pine REALTORS®, Inc. All rights reserved.