Is Louisburg Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Louisburg Township is a neutral'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

# BEDSSep 2023Sep 2024CHANGE
1 $204.9K$425K
+107.4%
2 $189.9K$245K
+29.0%
3 $324.7K$339K
+4.4%
4 $342.5K$575K
+67.9%
5+ $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
+8.0%
Louisburg
+7.8%
Franklinton Township
-2.7%
Hayesville Township
-8.0%

Housing Supply in Louisburg Township, NC

How many homes are available in Louisburg Township, NC?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
143148+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

# BEDSAug 2024Sep 2024CHANGE
1 43
-25.0%
2 79
+28.6%
3 107114
+6.5%
4 2522
-12.0%
5+ 00
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 2024Sep 2024CHANGE
2423-4.2%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2023Sep 2024CHANGE
86 Days40 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in Louisburg Township, NC

Nearby Markets to Louisburg Township, NC

What housing markets are near Louisburg Township, NC?