Is Louisville, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Louisville has remained a Seller's Market.
Housing Prices in Louisville, KY
How much do homes in Louisville, KY cost?
Median Sold Price
$249,971
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Louisville was $249,971 in June 2024, up 4.3% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100K | $105.5K | +5.5% |
2 Bedrooms | $171.5K | $180.4K | +5.2% |
3 Bedrooms | $237.7K | $249.9K | +5.2% |
4 Bedrooms | $349.9K | $363.6K | +3.9% |
5+ Bedrooms | $530K | $542.5K | +2.4% |
Summary: Louisville housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Cities
Central Jefferson | $205.6K | $222.8K | +8.3% |
Louisville | $239.5K | $249.9K | +4.3% |
Housing Supply in Louisville, KY
How many homes are available in Louisville, KY?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
2,746 | 2,758 | 0.4% |
Summary: The Louisville real estate market had 2,758 homes for sale in June 2024, a 0.4% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 61 | 65 | +6.6% |
2 Bedrooms | 547 | 530 | -3.1% |
3 Bedrooms | 1,338 | 1,328 | -0.7% |
4 Bedrooms | 646 | 647 | 0.2% |
5+ Bedrooms | 154 | 188 | +22.1% |
Summary: The Louisville housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.6%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 22.1%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
899 | 731 | -18.7% |
Asking Price vs. Sold Price
272 Homes Were Sold
Under Asking
221 Homes Were Sold
At Asking
238 Homes Were Sold
Over Asking
Summary: A total of 731 homes were sold or pending in Louisville in June 2024, down by 18.7% month-over-month. Of the 731 sold homes, 37% were sold under asking, 30% were sold at asking, and 33% were sold over asking.
Days on Market for Louisville, KY
We’re sorry, we don't have information for this market at the moment