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

Housing Market Conditions



Gauge showing Louisville is a seller'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



Based on all homes sold in the last 12 months.

Difference Since February 2023


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
2 $171.7K$177.1K
3 $234.9K$246.2K
4 $349.9K$351.3K
5+ $523.7K$552.2K

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
Houston Acres

Housing Supply in Louisville, KY

How many homes are available in Louisville, KY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE

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
2 443503
3 1,0231,133
4 470491
5+ 104115

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

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?