Is South Louisville, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Louisville is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, South Louisville was a Seller's Market.

Key Takeaway

South Louisville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in South Louisville, KY

How much do homes in South Louisville, KY cost?

Median Sold Price

$130,000

$120/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$11,625(+9.8%)

Key Takeaway

Homes in South Louisville have sold for 9.8% more than they did a year ago.

Summary: The median home sold price in South Louisville was $130,000 in October 2024, up 9.8% from last year, and the median price per square foot was $120.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $72K$74K
+2.8%
2 $75K$112.7K
+50.3%
3 $153K$150K
-2.0%
4 $192.5K$168K
-12.7%
5+ $269.9K-
N/A

Summary: South Louisville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.8%, 2 bedroom homes increased by 50.3%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 12.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

South Louisville
+9.8%
Taylor Berry
+8.0%

Housing Supply in South Louisville, KY

How many homes are available in South Louisville, KY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
15150.0%

Summary: The South Louisville real estate market had 15 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 02
+100.0%
2 30
-100.0%
3 910
+11.1%
4 33
0.0%
5+ 00
0.0%

Summary: The South Louisville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
61-83.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Louisville, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in South Louisville in October 2024, down by 83.3% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for South Louisville, KY

We’re sorry, we don't have information for this market at the moment

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

Report Updated 21 Days Ago

Newest Listings in South Louisville, KY

Nearby Markets to South Louisville, KY