Is Louisa County, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Louisa County is a seller's market

Buyer's
Market

Difference Since August 2023

Since last year, Louisa County has remained a Seller's Market.

Key Takeaway

Louisa County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Louisa County, VA

How much do homes in Louisa County, VA cost?

Median Sold Price

$399,992

$234/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$19,025(+5.0%)

Key Takeaway

Homes in Louisa County have sold for 5% more than they did a year ago.

Summary: The median home sold price in Louisa County was $399,992 in August 2024, up 5% from last year, and the median price per square foot was $234.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $240K$210K
-12.5%
2 $235K$232.5K
-1.1%
3 $352.3K$375K
+6.4%
4 $430K$490K
+14.0%
5+ $1.1M$960K
-18.6%

Summary: Louisa County housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 14%, and 5+ bedroom homes decreased by 18.6%.

Median Sold Price Compared To Nearby Counties

Goochland County
+14.0%
Louisa County
+5.0%
Spotsylvania County
+4.2%
Orange County
+2.3%
Fluvanna County
+1.4%

Housing Supply in Louisa County, VA

How many homes are available in Louisa County, VA?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
4104110.2%

Summary: The Louisa County real estate market had 411 homes for sale in August 2024, a 0.2% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 12
+100.0%
2 2017
-15.0%
3 216199
-7.9%
4 120134
+11.7%
5+ 5359
+11.3%

Summary: The Louisa County housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 15%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 11.3%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
10471-31.7%

Asking Price vs. Sold Price

29 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

26 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Louisa County, you may be able to get a good deal. 41.4% of homes here sold below asking price last month.

Summary: A total of 71 homes were sold or pending in Louisa County in August 2024, down by 31.7% month-over-month. Of the 70 sold homes, 41% were sold under asking, 21% were sold at asking, and 37% were sold over asking.

Days on Market for Louisa County, VA

How long does it take to sell a home in Louisa County, VA?

Average Sale Time

Aug 2023Aug 2024CHANGE
45 Days39 Days-13.1%

Summary: Homes in Louisa County had an average of 39 days on market in Aug 2024, down by 13.1% compared to last year.

Breakdown of Home Sale Times

39 Homes Were Sold
Under 30 Days

25 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Louisa County are selling fast, if you're buying plan to act quickly.

Summary: During August 2024, 71 homes were sold in Louisa County; 55% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 8% 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 17 Days Ago

Newest Listings in Louisa County, VA

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What housing markets are near Louisa County, VA?