Is Louisville, CO 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.
Housing Prices in Louisville, CO
How much do homes in Louisville, CO cost?
Median Sold Price
$882,500
$424/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Louisville was $882,500 in May 2024, up 4.8% from last year, and the median price per square foot was $424.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $327.5K | $330K | +0.8% |
2 Bedrooms | $554.3K | $465K | -16.1% |
3 Bedrooms | $767.5K | $774K | +0.8% |
4 Bedrooms | $918K | $950K | +3.5% |
5+ Bedrooms | $1.2M | $1.4M | +20.8% |
Summary: Louisville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.8%, 2 bedroom homes decreased by 16.1%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 20.8%.
Median Sold Price Compared To Nearby Cities
Louisville | $841.7K | $882.5K | +4.8% |
Lafayette | $723K | $744.9K | +3.0% |
Lafayette-Louisville | $777.7K | $794.6K | +2.2% |
Broomfield | $612.2K | $625K | +2.1% |
Housing Supply in Louisville, CO
How many homes are available in Louisville, CO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
97 | 121 | +24.7% |
Summary: The Louisville real estate market had 121 homes for sale in May 2024, a 24.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 14 | 23 | +64.3% |
3 Bedrooms | 30 | 29 | -3.3% |
4 Bedrooms | 33 | 41 | +24.2% |
5+ Bedrooms | 18 | 26 | +44.4% |
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 increased by 64.3%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 24.2%, and 5+ bedroom homes increased by 44.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 30 | +20.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Louisville in May 2024, up by 20.0% month-over-month. Of the 30 sold homes, 50% were sold under asking, 10% were sold at asking, and 40% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
28 Days | 36 Days | +30.4% |
Summary: Homes in Louisville had an average of 36 days on market in May 2024, up by 30.4% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 30 homes were sold in Louisville; 50% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.