$4,155 Closing Credit*
$349,900
1,581 SqFt
3 Beds
•2 Full Baths
Listing Office: Coldwell Banker Nelson Realtor
Is Louisville, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Louisville was a Seller's Market.
Key Takeaway
Louisville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Louisville, TN
How much do homes in Louisville, TN cost?
Median Sold Price
$494,500
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$21,500(+4.5%)
Key Takeaway
Homes in Louisville have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Louisville was $494,500 in November 2024, up 4.5% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $214.8K | $585K | +172.3% |
| 2 Bedrooms | $352.5K | $262.5K | -25.5% |
| 3 Bedrooms | $400K | $430K | +7.5% |
| 4 Bedrooms | $590K | $587.4K | -0.4% |
| 5+ Bedrooms | $2.3M | $1.0M | -52.3% |
Summary: Louisville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 172.3%, 2 bedroom homes decreased by 25.5%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes decreased by 52.3%.
Housing Supply in Louisville, TN
How many homes are available in Louisville, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 44 | +15.8% |
Summary: The Louisville real estate market had 44 homes for sale in November 2024, a 15.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 23 | 30 | +30.4% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Louisville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 30.4%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
4 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 Louisville, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Louisville in November 2024, down by 16.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Louisville, TN
How long does it take to sell a home in Louisville, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 43 Days | 51 Days | +19.5% |
Summary: Homes in Louisville had an average of 51 days on market in Nov 2024, up by 19.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Louisville has remained consistent over time.
Summary: During November 2024, 5 homes were sold in Louisville; 20% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.