Is Louisburg, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Louisburg was a Seller's Market.
Housing Prices in Louisburg, NC
How much do homes in Louisburg, NC cost?
Median Sold Price
$335,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Louisburg was $335,000 in April 2024, up 5.5% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $179.9K | $490K | +172.3% |
2 Bedrooms | $247.4K | $216.5K | -12.5% |
3 Bedrooms | $319.9K | $331.5K | +3.6% |
4 Bedrooms | $400K | $367K | -8.3% |
5+ Bedrooms | $265.5K | $650K | +144.8% |
Summary: Louisburg housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 172.3%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 144.8%.
Median Sold Price Compared To Nearby Cities
Louisburg | $317.4K | $335K | +5.5% |
Louisburg Township | $317.4K | $334K | +5.2% |
Housing Supply in Louisburg, NC
How many homes are available in Louisburg, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
135 | 138 | +2.2% |
Summary: The Louisburg real estate market had 138 homes for sale in April 2024, a 2.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 13 | 13 | 0.0% |
3 Bedrooms | 102 | 103 | +1.0% |
4 Bedrooms | 19 | 19 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Louisburg housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes remained the same, 3 bedroom homes increased by 1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 20 | -25.9% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Louisburg in April 2024, down by 25.9% month-over-month. Of the 20 sold homes, 35% were sold under asking, 35% were sold at asking, and 30% were sold over asking.
Days on Market for Louisburg, NC
How long does it take to sell a home in Louisburg, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
110 Days | 90 Days | -18.4% |
Summary: Homes in Louisburg had an average of 90 days on market in Apr 2024, down by 18.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in Louisburg; 40% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.