The Poore Team

Louisa, VA

Single-Family Homes

Compass



Louisa, VA

Thu Mar 28 2024
This week the median list price for Louisa, VA is $445,695 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has increased to 35. Click here to stay informed with the Louisa market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Louisa, VA

Thu Mar 28 2024
This week the median list price for Louisa, VA is $445,695 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has increased to 35. Click here to stay informed with the Louisa market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Louisa market.
Median List Price $445,695
Median Price of New Listings $369,900
Per Square Foot $228
Average Days on Market 95
Median Days on Market 49
Price Decreased 34%
Price Increased 0%
Relisted 11%
Inventory 35
Median Rent
Market Action 37
Slight Seller's Advantage

The market appears to be placing a mildly increasing premium on homes. When list prices and price per square foot increase in tandem, as they’re doing now, you can often find short-term investment opportunities. Watch the Market Action Index for persistent changes as a leading indicator for these trends to flatten or drop.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$754,000 2,775 5 - 10 acres 3 3 19 1 2 42
$515,900 2,288 2.5 - 5 acres 3 2.5 21 1 1 105
$379,900 1,662 1 - 2.5 acres 3 2 5 1 1 35
$245,000 1,400 1 - 2.5 acres 3 2 56 2 1 35