Is Louisa County, VA 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, Louisa County was a Neutral Market.
Housing Prices in Louisa County, VA
How much do homes in Louisa County, VA cost?
Median Sold Price
$399,970
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Louisa County was $399,970 in April 2024, up 14.3% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $165K | $210K | +27.3% |
2 Bedrooms | $242.5K | $225K | -7.2% |
3 Bedrooms | $327K | $369.5K | +13.0% |
4 Bedrooms | $419.9K | $468.4K | +11.5% |
5+ Bedrooms | $534.5K | $1.3M | +152.4% |
Summary: Louisa County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.3%, 2 bedroom homes decreased by 7.2%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 152.4%.
Median Sold Price Compared To Nearby Counties
Louisa County | $349.9K | $399.9K | +14.3% |
Spotsylvania County | $405.6K | $435K | +7.2% |
Orange County | $374K | $399.9K | +6.9% |
Goochland County | $513.7K | $533.6K | +3.9% |
Fluvanna County | $349.9K | $358.8K | +2.5% |
Housing Supply in Louisa County, VA
How many homes are available in Louisa County, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
384 | 396 | +3.1% |
Summary: The Louisa County real estate market had 396 homes for sale in April 2024, a 3.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 15 | 15 | 0.0% |
3 Bedrooms | 230 | 226 | -1.7% |
4 Bedrooms | 95 | 112 | +17.9% |
5+ Bedrooms | 44 | 43 | -2.3% |
Summary: The Louisa County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes decreased by 2.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
81 | 75 | -7.4% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 75 homes were sold or pending in Louisa County in April 2024, down by 7.4% month-over-month. Of the 75 sold homes, 39% were sold under asking, 35% were sold at asking, and 27% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 35 Days | +12.4% |
Summary: Homes in Louisa County had an average of 35 days on market in Apr 2024, up by 12.4% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During April 2024, 75 homes were sold in Louisa County; 64% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.