Louisville, KY Real Estate Market Update for May 2016

The Louisville, KY real estate market is still proving to be a great situation for home sellers. Buyer demand continues to increase through the end of spring with low inventory available.

Louisville, KY Real Estate Market Update for May 2016

View Louisville, KY homes for sale under $150,000.
View Louisville, KY homes for sale under $250,000.
View Louisville, KY homes for sale under $350,000.

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Homes sold from January through May this year showed an 11.53% increase compared to January through May in 2015 with growth from 5,818 homes sold in 2015 to 6,489 homes sold in 2016. When looking individual MLS areas, Jefferson County had an increase of 9% in homes sold from January through May in 2015 compared to January through May in 2016. Oldham County’s homes sold increased 16.81%, and Bullitt County increased 17.9%. These large increases demonstrate that Louisville is still a seller’s market. There are more buyers actively searching for the perfect home than there are homes available. This high demand for quality properties can boost the average selling price of the area as well.

How much is your home worth? It might be more than you think! Find out how much more here.

Louisville, KY Real Estate Market Update for May 2016

When comparing the month of May in 2015 to May of 2016, an overall increase of 5.02% in average selling prices can be seen. Jefferson County average selling price in May 2015 was $199,155; it rose 4.68% in May of 2016 to $208,469. Oldham County average selling prices saw an increase of 8.57%, and Bullitt County saw a 10.4% increase in selling prices. Again, increased prices can oftentimes be attributed to lower inventory. More competition between buyers usually results in more competitive prices.

You may also like: 4 Things to Consider When Pricing Your Home to Sell

If you are thinking about selling your home, now is the ideal time to do so. Active listings decreased 23.65% compared this time last year. The Louisville, KY real estate market is truly in need of your quality listing!

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Are you unsure of where to start? Contact Pam Ruckriegel with Louisville Real Estate Pros at Keller Williams Realty Louisville East, and she’ll get you moving in the right direction. She is the best Realtor for the job! 402-435-5524.

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1929 Properties
Page 1 of 161
$619,000
Subdivision: Cannonshire
4
Beds
3
Baths
3,138
Sq.Ft.
1959
Year Built
1
Days on Site
1556612
MLS
Fabulous 4 Bedroom 3 Bath Ranch on a large, private lot, with updates galore. This home has an open floor plan and features 2 fabulous master bedroom suites, with updated bathrooms. This spacious...
$239,990
Subdivision: Highview Park
4
Beds
3F11/2
Baths
2,662
Sq.Ft.
1996
Year Built
1
Days on Site
1556616
MLS
Welcome to this Spacious ALL Brick 4 Bedroom / 3.5 Bath Home that features a Finished Walk-Out Basement & Full Fenced Yard located in Highview Park Subdivision ~ Covered Front Porch Greets You and...
$174,900
Subdivision: Whispering Hills
4
Beds
1F11/2
Baths
1,825
Sq.Ft.
1960
Year Built
1
Days on Site
1556617
MLS
This Nicely updated 4-bedroom Walk-out Tri-Level in the Whispering Hills neighborhood is in Move-In Ready condition! Features include Living Room and Dining room with Vaulted ceilings, hardwood...
$129,900
Subdivision: Preston Park
3
Beds
1
Baths
925
Sq.Ft.
1969
Year Built
1
Days on Site
1556620
MLS
RENOVATED and ready to move in!!! Fantastic kitchen and beautiful tiled bath! New Flooring, New Windows, NEW HVAC, NEW Countertops, New Appliances, the list goes on and on!! There are two sheds...
$79,800
Subdivision: Hazeldawn
5
Beds
1F11/2
Baths
2,124
Sq.Ft.
1946
Year Built
1
Days on Site
1556621
MLS
Sold AS-IS to settle an estate. TWO LOTS - 3322 and 3324. Great property with lots of potential in an established neighborhood. Ideal for investor or someone who is handy. Probably will not go FHA or...
$315,000
Subdivision: Germantown
3
Beds
2F11/2
Baths
1,498
Sq.Ft.
2011
Year Built
1
Days on Site
1556623
MLS
ONLY 8YRS OLD - 2 Story Home in Germantown - a rare find, surrounded by 100+ year old properties. Massive 19X8 Covered Front Porch greets you as walk inside this beautifully designed home. 9'...
2
Beds
1
Baths
900
Sq.Ft.
1955
Year Built
1
Days on Site
1556625
MLS
TOO CUTE! This adorable house could be your first home or your final home, whether you're looking to buy a starter home or downsize, this house makes a good fit. Two bedrooms & one bath completes...
$218,000
Subdivision: Hikes Point
2
Beds
2
Baths
1,645
Sq.Ft.
1957
Year Built
1
Days on Site
1556626
MLS
Welcome to this fabulous Home. The moment you pull up you will be greeted with an inviting feeling with Landscaping and recently painted Brick. Walking into this home will make you feel ''THIS IS...
$275,000
Subdivision: Brittany Pointe
3
Beds
2F11/2
Baths
2,013
Sq.Ft.
2011
Year Built
1
Days on Site
1556627
MLS
Welcome to Brittany Pointe**Absolutely Beautiful Move In Patio Home**Three Bedroom, 2.5 Bath w/Upgrades Galore!**Relax on the Front Porch or Large Back Patio Area with Private Fence**Open Floor Plan...
$149,900
Subdivision: Maple Grove
3
Beds
1
Baths
975
Sq.Ft.
1965
Year Built
1
Days on Site
1556630
MLS
You won't mind being quarantined in this adorable 3br 1 full bath brick ranch! Prefect for the owner that is looking to downsize, or that first time buyer! With nearly 1000 sq ft and a large lot,...
$139,900
Subdivision: Hillview
3
Beds
1
Baths
900
Sq.Ft.
1971
Year Built
1
Days on Site
1556629
MLS
Lovely 3 Bedroom Ranch in Bullitt County! There have been so many updates, the home owners have put so much time, money & love into this house. The living room has hardwood floor, lots of light, all...
3
Beds
1
Baths
1,150
Sq.Ft.
1955
Year Built
1
Days on Site
1556631
MLS
Like buying a new house in lot bigger than 1/2 acre, establish neighborhood. You will be getting peace of mind for years. New: roof (house and garage),fresh paint, flooring,kitchen cabinets,counter...

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