Is Louisville West, KY 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 West has remained a Seller's Market.
Key Takeaway
Louisville West is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Louisville West, KY
How much do homes in Louisville West, KY cost?
Median Sold Price
$83,440
$76/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Louisville West have sold for 11.3% more than they did a year ago.
Summary: The median home sold price in Louisville West was $83,440 in March 2024, up 11.3% from last year, and the median price per square foot was $76.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $33.5K | $34.5K | +3.0% |
| 2 Bedrooms | $55K | $68K | +23.6% |
| 3 Bedrooms | $100K | $100K | 0.0% |
| 4 Bedrooms | $119K | $130K | +9.2% |
| 5+ Bedrooms | $120K | $137.5K | +14.6% |
Summary: Louisville West housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3%, 2 bedroom homes increased by 23.6%, 3 bedroom homes did not change, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 14.6%.
Median Sold Price Compared To Nearby Cities
| Louisville West | $75K | $83.4K | +11.3% |
| Louisville Central | $220K | $235K | +6.8% |
| Louisville South | $150.6K | $150.7K | 0.1% |
Housing Supply in Louisville West, KY
How many homes are available in Louisville West, KY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 230 | 255 | +10.9% |
Summary: The Louisville West real estate market had 255 homes for sale in March 2024, a 10.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 6 | -25.0% |
| 2 Bedrooms | 80 | 90 | +12.5% |
| 3 Bedrooms | 98 | 106 | +8.2% |
| 4 Bedrooms | 39 | 42 | +7.7% |
| 5+ Bedrooms | 5 | 11 | +120.0% |
Summary: The Louisville West housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 120%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 49 | 47 | -4.1% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Louisville West, you may be able to get a good deal. 46.8% of homes here sold below asking price last month.
Summary: A total of 47 homes were sold or pending in Louisville West in March 2024, down by 4.1% month-over-month. Of the 47 sold homes, 47% were sold under asking, 30% were sold at asking, and 23% were sold over asking.
Days on Market for Louisville West, KY
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search Multiple Listing Service. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2024 Greater Louisville Association of Realtors. All Rights Reserved.