Is Louisa, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Louisa was a Buyer's Market.
Housing Prices in Louisa, VA
How much do homes in Louisa, VA cost?
Median Sold Price
$344,990
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Louisa was $344,990 in March 2024, up 3.5% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $226.2K | $210K | -7.2% |
3 Bedrooms | $309K | $344.9K | +11.6% |
4 Bedrooms | $352.5K | $360.6K | +2.3% |
5+ Bedrooms | $360K | $787.4K | +118.7% |
Summary: Louisa housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.2%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 118.7%.
Housing Supply in Louisa, VA
How many homes are available in Louisa, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
105 | 98 | -6.7% |
Summary: The Louisa real estate market had 98 homes for sale in March 2024, a 6.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 5 | -28.6% |
3 Bedrooms | 59 | 53 | -10.2% |
4 Bedrooms | 29 | 31 | +6.9% |
5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Louisa 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 decreased by 28.6%, 3 bedroom homes decreased by 10.2%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
28 | 15 | -46.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Louisa in March 2024, down by 46.4% month-over-month. Of the 15 sold homes, 60% were sold under asking, 27% were sold at asking, and 13% were sold over asking.
Days on Market for Louisa, VA
How long does it take to sell a home in Louisa, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
21 Days | 49 Days | +131.0% |
Summary: Homes in Louisa had an average of 49 days on market in Mar 2024, up by 131% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in Louisa; 47% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.