$2,791 Closing Credit*
$235,000
1,305 SqFt
3 Beds
•2 Full Baths
Listing Office: United Real Estate Louisville
Is Shelby Park, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Shelby Park was a Seller's Market.
Key Takeaway
Shelby Park is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Shelby Park, KY
How much do homes in Shelby Park, KY cost?
Median Sold Price
$223,950
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$24,950(+12.5%)
Key Takeaway
Homes in Shelby Park have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in Shelby Park was $223,950 in September 2024, up 12.5% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $172.5K | $145K | -15.9% |
| 2 Bedrooms | $190K | $201.2K | +5.9% |
| 3 Bedrooms | $222.5K | $275.5K | +23.8% |
| 4 Bedrooms | $297.2K | $189.5K | -36.2% |
| 5+ Bedrooms | $179K | $250K | +39.7% |
Summary: Shelby Park housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.9%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 23.8%, 4 bedroom homes decreased by 36.2%, and 5+ bedroom homes increased by 39.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Merriwether | $214.7K | $242.5K | +12.9% |
| Shelby Park | $199K | $223.9K | +12.5% |
| Smoketown | $175K | $190K | +8.6% |
| Old Louisville | $290.7K | $303K | +4.2% |
| Schnitzelburg | $249K | $256K | +2.8% |
Housing Supply in Shelby Park, KY
How many homes are available in Shelby Park, KY?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 20 | 19 | -5.0% |
Summary: The Shelby Park real estate market had 19 homes for sale in September 2024, a 5.0% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 6 | -40.0% |
| 3 Bedrooms | 8 | 11 | +37.5% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Shelby Park housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 37.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shelby Park, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Shelby Park in September 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Shelby Park, KY
We’re sorry, we don't have information for this market at the moment
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