Is Louisburg, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Louisburg was a Seller's Market.
Key Takeaway
Louisburg is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Louisburg, NC
How much do homes in Louisburg, NC cost?
Median Sold Price
$335,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Louisburg have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Louisburg was $335,000 in May 2024, up 4.7% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $204.9K | $490K | +139.1% |
| 2 Bedrooms | $233K | $216.5K | -7.1% |
| 3 Bedrooms | $320K | $331.5K | +3.6% |
| 4 Bedrooms | $389K | $369.9K | -4.9% |
| 5+ Bedrooms | $265.5K | $650K | +144.8% |
Summary: Louisburg housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 139.1%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes increased by 144.8%.
Median Sold Price Compared To Nearby Cities
| Louisburg | $319.9K | $335K | +4.7% |
| Louisburg Township | $319.9K | $335K | +4.7% |
Housing Supply in Louisburg, NC
How many homes are available in Louisburg, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 137 | 135 | -1.5% |
Summary: The Louisburg real estate market had 135 homes for sale in May 2024, a 1.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 13 | 12 | -7.7% |
| 3 Bedrooms | 104 | 106 | +1.9% |
| 4 Bedrooms | 17 | 13 | -23.5% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Louisburg housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 23.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 19 | -13.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Louisburg, expect to pay close to the asking price. 52.6% of homes here sold near the asking price last month.
Summary: A total of 19 homes were sold or pending in Louisburg in May 2024, down by 13.6% month-over-month. Of the 19 sold homes, 32% were sold under asking, 53% were sold at asking, and 16% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 90 Days | 41 Days | -53.5% |
Summary: Homes in Louisburg had an average of 41 days on market in May 2024, down by 53.5% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Louisburg are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 19 homes were sold in Louisburg; 63% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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