Is Louisville, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Louisville has remained a Seller's Market.
Housing Prices in Louisville, CO
How much do homes in Louisville, CO cost?
Median Sold Price
$850,000
$415/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Louisville was $850,000 in March 2024, up 3.7% from last year, and the median price per square foot was $415.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $323.5K | $353K | +9.1% |
2 Bedrooms | $541.8K | $463.7K | -14.4% |
3 Bedrooms | $782.5K | $777.6K | -0.6% |
4 Bedrooms | $937.5K | $945K | +0.8% |
5+ Bedrooms | $1.2M | $1.3M | +8.6% |
Summary: Louisville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.1%, 2 bedroom homes decreased by 14.4%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 8.6%.
Median Sold Price Compared To Nearby Cities
Louisville | $819.6K | $850K | +3.7% |
Lafayette | $696.5K | $720.2K | +3.4% |
Broomfield | $609.1K | $615.4K | +1.0% |
Lafayette-Louisville | $782.3K | $779.7K | -0.3% |
Housing Supply in Louisville, CO
How many homes are available in Louisville, CO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
75 | 86 | +14.7% |
Summary: The Louisville real estate market had 86 homes for sale in March 2024, a 14.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 9 | 13 | +44.4% |
3 Bedrooms | 25 | 24 | -4.0% |
4 Bedrooms | 21 | 26 | +23.8% |
5+ Bedrooms | 17 | 20 | +17.6% |
Summary: The Louisville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 44.4%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes increased by 17.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 16 | -33.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Louisville in March 2024, down by 33.3% month-over-month. Of the 16 sold homes, 56% were sold under asking, 19% were sold at asking, and 25% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
48 Days | 63 Days | +31.9% |
Summary: Homes in Louisville had an average of 63 days on market in Mar 2024, up by 31.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in Louisville; 44% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.