Is Louisville South, KY 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 South has remained a Seller's Market.
Key Takeaway
Louisville South is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Louisville South, KY
How much do homes in Louisville South, KY cost?
Median Sold Price
$154,970
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Louisville South have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Louisville South was $154,970 in May 2024, up 1.9% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $62.8K | $63K | 0.2% |
| 2 Bedrooms | $118K | $126K | +6.8% |
| 3 Bedrooms | $170.1K | $178K | +4.6% |
| 4 Bedrooms | $180K | $186.2K | +3.5% |
| 5+ Bedrooms | $241K | $272.5K | +13.1% |
Summary: Louisville South housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.2%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 13.1%.
Median Sold Price Compared To Nearby Cities
| North Dixie | $189.9K | $200K | +5.3% |
| Pond Creek | $220.1K | $230K | +4.5% |
| Shively | $176.5K | $181K | +2.5% |
| Louisville South | $152K | $154.9K | +1.9% |
Housing Supply in Louisville South, KY
How many homes are available in Louisville South, KY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 235 | 208 | -11.5% |
Summary: The Louisville South real estate market had 208 homes for sale in May 2024, a 11.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 81 | 76 | -6.2% |
| 3 Bedrooms | 114 | 90 | -21.1% |
| 4 Bedrooms | 31 | 32 | +3.2% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Louisville South housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 6.2%, 3 bedroom homes decreased by 21.1%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 93 | 65 | -30.1% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Louisville South, you may be able to get a good deal. 41.5% of homes here sold below asking price last month.
Summary: A total of 65 homes were sold or pending in Louisville South in May 2024, down by 30.1% month-over-month. Of the 65 sold homes, 42% were sold under asking, 25% were sold at asking, and 34% were sold over asking.
Days on Market for Louisville South, 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.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) 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. © 2024 LBAR Multiple Listing Service. All rights reserved.