$4,691 Closing Credit*
$395,000
2,224 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Realty Executives Associates
Is Louisville, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$502,500
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,750(+3.9%)
Key Takeaway
Homes in Louisville have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Louisville was $502,500 in October 2024, up 3.9% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $214.8K | - | N/A |
| 2 Bedrooms | $352.5K | $262.5K | -25.5% |
| 3 Bedrooms | $407.5K | $459K | +12.6% |
| 4 Bedrooms | $621.3K | $603.7K | -2.8% |
| 5+ Bedrooms | $2.3M | $1.2M | -48.3% |
Summary: Louisville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 25.5%, 3 bedroom homes increased by 12.6%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 48.3%.
Housing Supply in Louisville, TN
How many homes are available in Louisville, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 41 | +13.9% |
Summary: The Louisville real estate market had 41 homes for sale in October 2024, a 13.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 17 | 24 | +41.2% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Louisville housing inventory by bedroom type for October 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 41.2%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
3 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. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Louisville in October 2024, down by 42.9% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 63 Days | 46 Days | -26.8% |
Summary: Homes in Louisville had an average of 46 days on market in Oct 2024, down by 26.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Louisville are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 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.
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.