Is Louisville, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Louisville was a Neutral Market.
Key Takeaway
Louisville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Louisville, TN
How much do homes in Louisville, TN cost?
Median Sold Price
$494,450
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Louisville have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in Louisville was $494,450 in April 2024, up 13.5% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $179.7K | $249.9K | +39.1% |
| 2 Bedrooms | $280.5K | $352.5K | +25.7% |
| 3 Bedrooms | $385K | $402.5K | +4.5% |
| 4 Bedrooms | $549.9K | $582.4K | +5.9% |
| 5+ Bedrooms | $1.2M | $2.3M | +87.0% |
Summary: Louisville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.1%, 2 bedroom homes increased by 25.7%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 87%.
Housing Supply in Louisville, TN
How many homes are available in Louisville, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 37 | +15.6% |
Summary: The Louisville real estate market had 37 homes for sale in April 2024, a 15.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 20 | 24 | +20.0% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Louisville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Louisville, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Louisville in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% 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?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 32 Days | 32 Days | -0.2% |
Summary: Homes in Louisville had an average of 32 days on market in Apr 2024, down by 0.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Louisville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Louisville; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. 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. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.