Is Louisville, KY 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.
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
$245,120
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Louisville have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in Louisville was $245,120 in March 2024, up 2.6% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $101K | $102K | +1.0% |
| 2 Bedrooms | $172.1K | $178.2K | +3.6% |
| 3 Bedrooms | $235.2K | $247.7K | +5.3% |
| 4 Bedrooms | $352.5K | $349.9K | -0.7% |
| 5+ Bedrooms | $525K | $552.2K | +5.2% |
Summary: Louisville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 5.2%.
Median Sold Price Compared To Nearby Cities
| Central Jefferson | $205.3K | $220K | +7.1% |
| Louisville | $238.8K | $245.1K | +2.6% |
| Houston Acres | $266K | $255K | -4.1% |
Housing Supply in Louisville, KY
How many homes are available in Louisville, KY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2,335 | 2,491 | +6.7% |
Summary: The Louisville real estate market had 2,491 homes for sale in March 2024, a 6.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 60 | 62 | +3.3% |
| 2 Bedrooms | 510 | 564 | +10.6% |
| 3 Bedrooms | 1,159 | 1,209 | +4.3% |
| 4 Bedrooms | 498 | 531 | +6.6% |
| 5+ Bedrooms | 108 | 125 | +15.7% |
Summary: The Louisville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.3%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 15.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 639 | 701 | +9.7% |
Asking Price vs. Sold Price
317 Homes Were Sold
Under Asking
192 Homes Were Sold
At Asking
192 Homes Were Sold
Over Asking
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.
Summary: A total of 701 homes were sold or pending in Louisville in March 2024, up by 9.7% month-over-month. Of the 701 sold homes, 45% were sold under asking, 27% were sold at asking, and 27% were sold over asking.
Days on Market for Louisville, KY
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search Multiple Listing Service. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2024 Greater Louisville Association of Realtors. All Rights Reserved.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2024 LBAR Multiple Listing Service. All rights reserved.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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