Is Louisville, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Louisville is a seller's market

Buyer's
Market

Difference Since October 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, CO

How much do homes in Louisville, CO cost?

Median Sold Price

$850,000

$418/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$17,500(+2.1%)

Key Takeaway

Homes in Louisville have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in Louisville was $850,000 in October 2024, up 2.1% from last year, and the median price per square foot was $418.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $357.3K$330K
-7.7%
2 $492K$495K
+0.6%
3 $760K$777K
+2.2%
4 $932.5K$949K
+1.8%
5+ $1.3M$1.4M
+12.0%

Summary: Louisville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.7%, 2 bedroom homes increased by 0.6%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 12%.

Median Sold Price Compared To Nearby Cities

Lafayette
+2.8%
Louisville
+2.1%
Lafayette-Louisville
-0.5%
Broomfield
-1.8%

Housing Supply in Louisville, CO

How many homes are available in Louisville, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
119132+10.9%

Summary: The Louisville real estate market had 132 homes for sale in October 2024, a 10.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 16
+500.0%
2 2224
+9.1%
3 2935
+20.7%
4 4036
-10.0%
5+ 2731
+14.8%

Summary: The Louisville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 500%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 20.7%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 14.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2124+14.3%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Louisville, you may be able to get a good deal. 70.8% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in Louisville in October 2024, up by 14.3% month-over-month. Of the 24 sold homes, 71% were sold under asking, 13% were sold at asking, and 17% were sold over asking.

Days on Market for Louisville, CO

How long does it take to sell a home in Louisville, CO?

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days48 Days+73.8%

Summary: Homes in Louisville had an average of 48 days on market in Oct 2024, up by 73.8% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Louisville are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 24 homes were sold in Louisville; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in Louisville, CO

Nearby Markets to Louisville, CO

What housing markets are near Louisville, CO?