Is Louisville, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$227,000
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Louisville have sold for 19.5% more than they did a year ago.
Summary: The median home sold price in Louisville was $227,000 in May 2024, up 19.5% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $159.9K | $165K | +3.2% |
| 3 Bedrooms | $189.9K | $225K | +18.5% |
| 4 Bedrooms | $206K | $243.9K | +18.4% |
| 5+ Bedrooms | $195K | $425K | +117.9% |
Summary: Louisville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes increased by 117.9%.
Median Sold Price Compared To Nearby Cities
| Nimishillen Township | $183.5K | $225K | +22.6% |
| Louisville | $190K | $227K | +19.5% |
Housing Supply in Louisville, OH
How many homes are available in Louisville, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 54 | 55 | +1.9% |
Summary: The Louisville real estate market had 55 homes for sale in May 2024, a 1.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 38 | 36 | -5.3% |
| 4 Bedrooms | 11 | 14 | +27.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Louisville housing inventory by bedroom type for May 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 5.3%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 17 | -22.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Louisville, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Louisville in May 2024, down by 22.7% month-over-month. Of the 16 sold homes, 38% were sold under asking, 31% were sold at asking, and 31% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 18 Days | 14 Days | -22.5% |
Summary: Homes in Louisville had an average of 14 days on market in May 2024, down by 22.5% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 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 May 2024, 17 homes were sold in Louisville; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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