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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Louisville is a buyer's market

Buyer's
Market

Difference Since April 2021

Since last year, Louisville has remained a Buyer's Market.

Key Takeaway

Louisville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Louisville, TN cost?

Median Sold Price

$654,000

$206/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

-$98,500(-13.1%)

Key Takeaway

Homes in Louisville have sold for 13.1% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 -$229K
N/A
2 $295K$185K
-37.3%
3 $748.7K$487.4K
-34.9%
4 $672.2K$849K
+26.3%
5+ $1.5M$1.6M
+9.9%

Median Sold Price Compared To Nearby Cities

Knoxville
+21.7%
Alcoa
+10.3%
Louisville
-13.1%

How many homes are available in Louisville, TN?

Number of Homes For Sale

Mar 2022Apr 2022%
69+50.0%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 00
0.0%
2 22
0.0%
3 15
+400.0%
4 21
-50.0%
5+ 11
0.0%

Number of Homes Sold

Mar 2022Apr 2022%
31-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 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. 100% of homes here sold below asking price last month.

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

About Louisville, TN

Louisville, TN has 9 homes on the market. In April 2022 in Louisville, TN there were 50% more homes for sale than in March 2022. Between March 2022 and April 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 0%, 2 bedrooms properties became 37.3% more cheaper, prices of 3 bedrooms properties decreased by 34.9%, prices of 4 bedrooms properties increased by 26.3%, 5 bedrooms properties prices increased by 9.9%. Volume of homes for sale changed: 1 bedroom homes inventory did not change, number of 2 bedrooms homes remained the same, 3 bedrooms homes became 400% more available, 4 bedrooms homes became 50% less available, 5 bedrooms homes inventory did not change. Over 0 listings were sold over their listed price in April 2022 in Louisville, TN. In the same period over 1 listings were sold below the listed price and 0 listings were sold for the listed price.

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