Is Louisville West, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Louisville West was a Seller's Market.
Key Takeaway
Louisville West is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Louisville West, KY
How much do homes in Louisville West, KY cost?
Median Sold Price
$85,000
$78/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Louisville West have sold for 13.3% more than they did a year ago.
Summary: The median home sold price in Louisville West was $85,000 in April 2024, up 13.3% from last year, and the median price per square foot was $78.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $33.5K | $35K | +4.5% |
| 2 Bedrooms | $55K | $67.5K | +22.7% |
| 3 Bedrooms | $94K | $100.7K | +7.2% |
| 4 Bedrooms | $117.7K | $130K | +10.5% |
| 5+ Bedrooms | $124.9K | $145K | +16.0% |
Summary: Louisville West housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 22.7%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 16%.
Median Sold Price Compared To Nearby Cities
| Louisville West | $75K | $85K | +13.3% |
| Louisville Central | $225K | $234.5K | +4.2% |
| Louisville South | $151.8K | $154.9K | +2.0% |
Housing Supply in Louisville West, KY
How many homes are available in Louisville West, KY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 237 | 246 | +3.8% |
Summary: The Louisville West real estate market had 246 homes for sale in April 2024, a 3.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 8 | +60.0% |
| 2 Bedrooms | 79 | 68 | -13.9% |
| 3 Bedrooms | 101 | 115 | +13.9% |
| 4 Bedrooms | 42 | 44 | +4.8% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Louisville West housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes decreased by 13.9%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 53 | 33 | -37.7% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Louisville West, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in Louisville West in April 2024, down by 37.7% month-over-month. Of the 33 sold homes, 64% were sold under asking, 15% were sold at asking, and 21% were sold over asking.
Days on Market for Louisville West, KY
How long does it take to sell a home in Louisville West, KY?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Louisville West has remained consistent over time.
Summary: During April 2024, 33 homes were sold in Louisville West; 0% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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.