Is Louisa County, 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 County was a Buyer'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
$390,253
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Louisa County have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Louisa County was $390,253 in March 2024, up 11.1% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $137.5K | $210K | +52.7% |
| 2 Bedrooms | $235K | $220K | -6.4% |
| 3 Bedrooms | $329.9K | $364.9K | +10.6% |
| 4 Bedrooms | $419.9K | $465K | +10.7% |
| 5+ Bedrooms | $704.7K | $1.3M | +91.6% |
Summary: Louisa County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 52.7%, 2 bedroom homes decreased by 6.4%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 91.6%.
Median Sold Price Compared To Nearby Counties
| Louisa County | $351.2K | $390.2K | +11.1% |
| Orange County | $364K | $399.7K | +9.8% |
| Spotsylvania County | $405K | $434.3K | +7.2% |
| Goochland County | $503.9K | $520.5K | +3.3% |
| Fluvanna County | $346K | $355.6K | +2.8% |
Housing Supply in Louisa County, VA
How many homes are available in Louisa County, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 417 | 454 | +8.9% |
Summary: The Louisa County real estate market had 454 homes for sale in March 2024, a 8.9% increase 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 | 16 | 16 | 0.0% |
| 3 Bedrooms | 242 | 265 | +9.5% |
| 4 Bedrooms | 114 | 121 | +6.1% |
| 5+ Bedrooms | 45 | 52 | +15.6% |
Summary: The Louisa County 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 remained the same, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 15.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 63 | 76 | +20.6% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Louisa County, you may be able to get a good deal. 43.4% of homes here sold below asking price last month.
Summary: A total of 76 homes were sold or pending in Louisa County in March 2024, up by 20.6% month-over-month. Of the 76 sold homes, 43% were sold under asking, 33% were sold at asking, and 24% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 42 Days | 58 Days | +38.4% |
Summary: Homes in Louisa County had an average of 58 days on market in Mar 2024, up by 38.4% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Louisa County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 76 homes were sold in Louisa County; 46% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. 
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved
Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.