Is Louisville, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Louisville is a seller's market

Buyer's
Market

Difference Since November 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

$222,000

$124/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$3,000(+1.4%)

Key Takeaway

Homes in Louisville have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in Louisville was $222,000 in November 2024, up 1.4% from last year, and the median price per square foot was $124.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$135K
N/A
2 $163K$182.5K
+12.0%
3 $218.6K$222K
+1.5%
4 $255K$234.1K
-8.2%
5+ $212K$259.9K
+22.6%

Summary: Louisville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 8.2%, and 5+ bedroom homes increased by 22.6%.

Median Sold Price Compared To Nearby Cities

Louisville
+1.4%
Nimishillen Township
-0.9%

Housing Supply in Louisville, OH

How many homes are available in Louisville, OH?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7559-21.3%

Summary: The Louisville real estate market had 59 homes for sale in November 2024, a 21.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 76
-14.3%
3 4131
-24.4%
4 2420
-16.7%
5+ 32
-33.3%

Summary: The Louisville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 24.4%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2417-29.2%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Louisville, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Louisville in November 2024, down by 29.2% month-over-month. Of the 15 sold homes, 47% were sold under asking, 33% were sold at asking, and 20% 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

Nov 2023Nov 2024CHANGE
53 Days40 Days-24.3%

Summary: Homes in Louisville had an average of 40 days on market in Nov 2024, down by 24.3% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Louisville has remained consistent over time.

Summary: During November 2024, 17 homes were sold in Louisville; 35% of homes were sold within 30 days, 59% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 12 Days Ago

Newest Listings in Louisville, OH

Nearby Markets to Louisville, OH

What housing markets are near Louisville, OH?