Is Louisville, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$245,988
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Louisville was $245,988 in April 2024, up 2.7% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $103.3K | $101.5K | -1.8% |
2 Bedrooms | $170.5K | $179.9K | +5.5% |
3 Bedrooms | $237K | $248.5K | +4.8% |
4 Bedrooms | $350.4K | $354.3K | +1.1% |
5+ Bedrooms | $525K | $551K | +5.0% |
Summary: Louisville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Cities
Hollow Creek | $265K | $299.5K | +13.0% |
Central Jefferson | $205.4K | $220K | +7.1% |
Louisville | $239.4K | $245.9K | +2.7% |
Housing Supply in Louisville, KY
How many homes are available in Louisville, KY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2,492 | 2,582 | +3.6% |
Summary: The Louisville real estate market had 2,582 homes for sale in April 2024, a 3.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 62 | 54 | -12.9% |
2 Bedrooms | 539 | 537 | -0.4% |
3 Bedrooms | 1,234 | 1,254 | +1.6% |
4 Bedrooms | 541 | 599 | +10.7% |
5+ Bedrooms | 116 | 138 | +19.0% |
Summary: The Louisville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.9%, 2 bedroom homes decreased by 0.4%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 19%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
772 | 754 | -2.3% |
Asking Price vs. Sold Price
318 Homes Were Sold
Under Asking
199 Homes Were Sold
At Asking
237 Homes Were Sold
Over Asking
Summary: A total of 754 homes were sold or pending in Louisville in April 2024, down by 2.3% month-over-month. Of the 754 sold homes, 42% were sold under asking, 26% were sold at asking, and 31% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
10 Days | 18 Days | +71.4% |
Summary: Homes in Louisville had an average of 18 days on market in Apr 2024, up by 71.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 754 homes were sold in Louisville; 0% 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.