Is Louisville, TN 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 February 2023

At the same time last year, Louisville was a Buyer'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, TN

How much do homes in Louisville, TN cost?

Median Sold Price

$499,900

$219/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$19,900(+4.1%)

Key Takeaway

Homes in Louisville have sold for 4.1% more than they did a year ago.

Summary: The median home sold price in Louisville was $499,900 in February 2024, up 4.1% from last year, and the median price per square foot was $219.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$249.9K
N/A
2 $235K$295K
+25.5%
3 $484.5K$437.5K
-9.7%
4 $545K$562.4K
+3.2%
5+ $1.2M$2.3M
+87.0%

Summary: Louisville housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25.5%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 87%.

Median Sold Price Compared To Nearby Cities

Knoxville
+22.1%
Alcoa
+12.4%
Louisville
+4.1%

Housing Supply in Louisville, TN

How many homes are available in Louisville, TN?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2827-3.6%

Summary: The Louisville real estate market had 27 homes for sale in February 2024, a 3.6% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1716
-5.9%
4 77
0.0%
5+ 33
0.0%

Summary: The Louisville housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was 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. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Louisville in February 2024, up by 25.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.

Days on Market for Louisville, TN

How long does it take to sell a home in Louisville, TN?

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Louisville are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 5 homes were sold in Louisville; 20% 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.

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

Report Updated 27 Days Ago

Newest Listings in Louisville, TN

Nearby Markets to Louisville, TN

What housing markets are near Louisville, TN?