Is Louisville, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Louisville has remained a Seller's Market.
Key Takeaway
Louisville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Louisville, KY
How much do homes in Louisville, KY cost?
Median Sold Price
$245,988
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Louisville have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Louisville was $245,988 in April 2024, up 2.7% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $103.3K | $101.5K | -1.8% |
| 2 Bedrooms | $170.5K | $179.9K | +5.5% |
| 3 Bedrooms | $237K | $248.5K | +4.8% |
| 4 Bedrooms | $350.4K | $354.3K | +1.1% |
| 5+ Bedrooms | $525K | $551K | +5.0% |
Summary: Louisville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Cities
| Hollow Creek | $265K | $299.5K | +13.0% |
| Central Jefferson | $205.4K | $220K | +7.1% |
| Louisville | $239.4K | $245.9K | +2.7% |
Housing Supply in Louisville, KY
How many homes are available in Louisville, KY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2,492 | 2,582 | +3.6% |
Summary: The Louisville real estate market had 2,582 homes for sale in April 2024, a 3.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 62 | 54 | -12.9% |
| 2 Bedrooms | 539 | 537 | -0.4% |
| 3 Bedrooms | 1,234 | 1,254 | +1.6% |
| 4 Bedrooms | 541 | 599 | +10.7% |
| 5+ Bedrooms | 116 | 138 | +19.0% |
Summary: The Louisville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.9%, 2 bedroom homes decreased by 0.4%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 19%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 772 | 754 | -2.3% |
Asking Price vs. Sold Price
318 Homes Were Sold
Under Asking
199 Homes Were Sold
At Asking
237 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Louisville, you may be able to get a good deal. 42.2% of homes here sold below asking price last month.
Summary: A total of 754 homes were sold or pending in Louisville in April 2024, down by 2.3% month-over-month. Of the 754 sold homes, 42% were sold under asking, 26% were sold at asking, and 31% were sold over asking.
Days on Market for Louisville, KY
How long does it take to sell a home in Louisville, KY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 10 Days | 18 Days | +71.4% |
Summary: Homes in Louisville had an average of 18 days on market in Apr 2024, up by 71.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Louisville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 754 homes were sold in Louisville; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search Multiple Listing Service. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. 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 deemed reliable but not guaranteed. Copyright © 2024 Greater Louisville Association of Realtors. All Rights Reserved.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) 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. © 2024 LBAR Multiple Listing Service. All rights reserved.