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 August 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

$871,500

$418/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$57,000(+7.0%)

Key Takeaway

Homes in Louisville have sold for 7% more than they did a year ago.

Summary: The median home sold price in Louisville was $871,500 in August 2024, up 7% from last year, and the median price per square foot was $418.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $315K$330K
+4.8%
2 $492K$520K
+5.7%
3 $745K$770K
+3.4%
4 $930K$960K
+3.2%
5+ $1.2M$1.5M
+25.9%

Summary: Louisville housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 25.9%.

Median Sold Price Compared To Nearby Cities

Louisville
+7.0%
Lafayette
+4.3%
Lafayette-Louisville
+1.5%
Broomfield
0.3%

Housing Supply in Louisville, CO

How many homes are available in Louisville, CO?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
109118+8.3%

Summary: The Louisville real estate market had 118 homes for sale in August 2024, a 8.3% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 11
0.0%
2 2421
-12.5%
3 2627
+3.8%
4 3742
+13.5%
5+ 2127
+28.6%

Summary: The Louisville housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 28.6%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
2722-18.5%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

3 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. 59.1% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in Louisville in August 2024, down by 18.5% month-over-month. Of the 22 sold homes, 59% were sold under asking, 27% were sold at asking, and 14% 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

Aug 2023Aug 2024CHANGE
16 Days43 Days+166.4%

Summary: Homes in Louisville had an average of 43 days on market in Aug 2024, up by 166.4% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

3 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 August 2024, 22 homes were sold in Louisville; 50% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 14% 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 9 Days Ago

Newest Listings in Louisville, CO

Nearby Markets to Louisville, CO

What housing markets are near Louisville, CO?