Is Louisville, KY 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 February 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

$245,037

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$8,375(+3.5%)

Key Takeaway

Homes in Louisville have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in Louisville was $245,037 in February 2024, up 3.5% from last year, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $101K$100K
-1.0%
2 $171.7K$177.1K
+3.1%
3 $234.9K$246.2K
+4.8%
4 $349.9K$351.3K
0.4%
5+ $523.7K$552.2K
+5.4%

Summary: Louisville housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 5.4%.

Median Sold Price Compared To Nearby Cities

Central Jefferson
+7.3%
Louisville
+3.5%
Houston Acres
-10.9%

Housing Supply in Louisville, KY

How many homes are available in Louisville, KY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2,0922,298+9.8%

Summary: The Louisville real estate market had 2,298 homes for sale in February 2024, a 9.8% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 5256
+7.7%
2 443503
+13.5%
3 1,0231,133
+10.8%
4 470491
+4.5%
5+ 104115
+10.6%

Summary: The Louisville housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 10.6%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
508578+13.8%

Asking Price vs. Sold Price

338 Homes Were Sold
Under Asking

141 Homes Were Sold
At Asking

99 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. 58.5% of homes here sold below asking price last month.

Summary: A total of 578 homes were sold or pending in Louisville in February 2024, up by 13.8% month-over-month. Of the 578 sold homes, 58% were sold under asking, 24% were sold at asking, and 17% 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

Feb 2023Feb 2024CHANGE
62 Days60 Days-2.7%

Summary: Homes in Louisville had an average of 60 days on market in Feb 2024, down by 2.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was 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 February 2024, 578 homes were sold in Louisville; 1% 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.

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, KY

Nearby Markets to Louisville, KY

What housing markets are near Louisville, KY?