Is Louisville West, 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 West has remained a Seller's Market.
Housing Prices in Louisville West, KY
How much do homes in Louisville West, KY cost?
Median Sold Price
$85,000
$77/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Louisville West was $85,000 in May 2024, up 8% from last year, and the median price per square foot was $77.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $37K | $35K | -5.4% |
2 Bedrooms | $60K | $67K | +11.7% |
3 Bedrooms | $100K | $100K | 0.0% |
4 Bedrooms | $118.5K | $130K | +9.7% |
5+ Bedrooms | $106K | $158.5K | +49.5% |
Summary: Louisville West housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.4%, 2 bedroom homes increased by 11.7%, 3 bedroom homes did not change, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 49.5%.
Median Sold Price Compared To Nearby Cities
Louisville Central | $220K | $240K | +9.1% |
Louisville West | $78.7K | $85K | +8.0% |
Louisville South | $152K | $154.9K | +1.9% |
Housing Supply in Louisville West, KY
How many homes are available in Louisville West, KY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
225 | 263 | +16.9% |
Summary: The Louisville West real estate market had 263 homes for sale in May 2024, a 16.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 9 | +80.0% |
2 Bedrooms | 64 | 67 | +4.7% |
3 Bedrooms | 105 | 127 | +21.0% |
4 Bedrooms | 42 | 51 | +21.4% |
5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Louisville West housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 80%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 21%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
35 | 48 | +37.1% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 48 homes were sold or pending in Louisville West in May 2024, up by 37.1% month-over-month. Of the 48 sold homes, 69% were sold under asking, 23% were sold at asking, and 8% 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