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 September 2021

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.

How much do homes in Louisville, KY cost?

Median Sold Price

$230,507

$166/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$15,484(+7.2%)

Key Takeaway

Homes in Louisville have sold for 7.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $88K$95K
+7.9%
2 $155K$168K
+8.4%
3 $210.4K$229.9K
+9.3%
4 $307.6K$335.3K
+9.0%
5+ $450K$475.9K
+5.8%

Median Sold Price Compared To Nearby Cities

Central Jefferson
+8.7%
Louisville
+7.2%

How many homes are available in Louisville, KY?

Number of Homes For Sale

Aug 2022Sep 2022%
3,1923,223+1.0%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 6461
-4.7%
2 636661
+3.9%
3 1,5931,578
-0.9%
4 700714
+2.0%
5+ 199209
+5.0%

Number of Homes Sold

Aug 2022Sep 2022%
1,062865-18.5%

Asking Price vs. Sold Price

391 Homes Were Sold
Under Asking

222 Homes Were Sold
At Asking

252 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. 45.2% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
3 Days23 Days+688.9%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 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.

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

About Louisville, KY

Louisville, KY has 3,223 homes for sale to choose from. Between August 2022 and September 2022, Louisville, KY real estate market has seen increase in the number of listings by 1%. While the average time on the market in September 2022 was 23 days, the median list price was $230,507. From August 2022 through September 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 7.9%, 2 bedrooms properties became 8.4% more expensive, 3 bedrooms properties became 9.3% more expensive, the cost of 4 bedrooms properties went up by 9%, the cost of 5 bedrooms properties went up by 5.8%. Housing inventory have changed in this real estate market: number of 1 bedroom homes decreased by 4.7%, 2 bedrooms homes inventory increased by 3.9%, 3 bedrooms homes became 0.9% less available, 4 bedrooms homes became 2% more available, 5 bedrooms homes inventory increased by 5%. In September 2022, from all listings sold in Louisville, KY there were more than 252 sold above asking price, over 391 sold below and more than 222 were sold right at the asked price.

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