Is Louisville, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Louisville is a seller's market

Buyer's
Market

Difference Since May 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, CO

How much do homes in Louisville, CO cost?

Median Sold Price

$882,500

$424/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$40,750(+4.8%)

Key Takeaway

Homes in Louisville have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in Louisville was $882,500 in May 2024, up 4.8% from last year, and the median price per square foot was $424.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $327.5K$330K
+0.8%
2 $554.3K$465K
-16.1%
3 $767.5K$774K
+0.8%
4 $918K$950K
+3.5%
5+ $1.2M$1.4M
+20.8%

Summary: Louisville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.8%, 2 bedroom homes decreased by 16.1%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 20.8%.

Median Sold Price Compared To Nearby Cities

Louisville
+4.8%
Lafayette
+3.0%
Lafayette-Louisville
+2.2%
Broomfield
+2.1%

Housing Supply in Louisville, CO

How many homes are available in Louisville, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
97121+24.7%

Summary: The Louisville real estate market had 121 homes for sale in May 2024, a 24.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 22
0.0%
2 1423
+64.3%
3 3029
-3.3%
4 3341
+24.2%
5+ 1826
+44.4%

Summary: The Louisville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 64.3%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 24.2%, and 5+ bedroom homes increased by 44.4%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2530+20.0%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Louisville, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in Louisville in May 2024, up by 20.0% month-over-month. Of the 30 sold homes, 50% were sold under asking, 10% were sold at asking, and 40% were sold over asking.

Days on Market for Louisville, CO

How long does it take to sell a home in Louisville, CO?

Average Sale Time

May 2023May 2024CHANGE
28 Days36 Days+30.4%

Summary: Homes in Louisville had an average of 36 days on market in May 2024, up by 30.4% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Louisville are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 30 homes were sold in Louisville; 50% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Louisville, CO

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