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.
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
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
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