Is Louisville, OH 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, OH
How much do homes in Louisville, OH cost?
Median Sold Price
$224,500
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Louisville have sold for 18.2% more than they did a year ago.
Summary: The median home sold price in Louisville was $224,500 in March 2024, up 18.2% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $154.5K | $164K | +6.1% |
| 3 Bedrooms | $189.9K | $221.5K | +16.6% |
| 4 Bedrooms | $210K | $244.9K | +16.6% |
| 5+ Bedrooms | $195K | $362.5K | +85.9% |
Summary: Louisville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 16.6%, 4 bedroom homes increased by 16.6%, and 5+ bedroom homes increased by 85.9%.
Median Sold Price Compared To Nearby Cities
| Nimishillen Township | $179.9K | $226K | +25.6% |
| Louisville | $190K | $224.5K | +18.2% |
Housing Supply in Louisville, OH
How many homes are available in Louisville, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 50 | 55 | +10.0% |
Summary: The Louisville real estate market had 55 homes for sale in March 2024, a 10.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 8 | +60.0% |
| 3 Bedrooms | 26 | 35 | +34.6% |
| 4 Bedrooms | 16 | 11 | -31.3% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Louisville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 34.6%, 4 bedroom homes decreased by 31.3%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 23 | +43.8% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Louisville, you may be able to get a good deal. 43.5% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Louisville in March 2024, up by 43.8% month-over-month. Of the 23 sold homes, 43% were sold under asking, 17% were sold at asking, and 39% were sold over asking.
Days on Market for Louisville, OH
How long does it take to sell a home in Louisville, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 18 Days | 34 Days | +89.1% |
Summary: Homes in Louisville had an average of 34 days on market in Mar 2024, up by 89.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Louisville are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 23 homes were sold in Louisville; 57% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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