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.

2228 Properties Found. Showing 1-12
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56 Lake Ave
Louisville, KY 40206
56 Lake Ave Louisville, KY 40206
1 of 34
$105,900
Subdivision: Coppershire
BEDS
1
BATHS
1
SQ.FT.
714
BUILT
1998
ON SITE
2Days
MLS
1532457
Fantastic opportunity to own an amazing condo in 40206!! White cabinets! New Flooring! Updated paint! Unit backs up to woods for added privacy!! Exterior around unit to be painted and landscaping...
3520 Coventry Tee Ct
Louisville, KY 40241
3520 Coventry Tee Ct Louisville, KY 40241
1 of 36
$325,000
Subdivision: Indian Springs
BEDS
4
BATHS
3
SQ.FT.
2,300
BUILT
1998
ON SITE
2Days
MLS
1532459
This spacious, open concept home has a new roof, new granite counter tops in the kitchen and upstairs bath, new carpet and paint. There's 4 bedrooms, 2.5 baths, 1st floor master, formal dining...
408 Springwood Ln
Louisville, KY 40207
Open House
408 Springwood Ln Louisville, KY 40207
1 of 68
$925,000
Subdivision: Spring Wood
BEDS
5
BATHS
4
SQ.FT.
3,721
BUILT
1956
ON SITE
2Days
MLS
1532460
Only in St Matthews will you have an urban contemporary lifestyle in a single story & acre lot. RE-Construction project gutted to the studs to transform a RETRO shell. Vaulted ceilings, Amish...
14706 Fellowship Cir
Louisville, KY 40245
14706 Fellowship Cir Louisville, KY 40245
1 of 44
$445,000
Subdivision: Woods Of Landis Lakes
BEDS
4
BATHS
4
SQ.FT.
4,188
BUILT
2005
ON SITE
2Days
MLS
1532462
*PRICED $5K BELOW CURRENT APPRAISAL* Beautiful 1.5 Story with INGROUND POOL on CUL-DE-SAC Lot in the desirable Woods of Landis Lakes! The OPEN PLAN layout combined with the oasis of a backyard are a...
415 Babe Dr
Louisville, KY 40118
415 Babe Dr Louisville, KY 40118
1 of 15
$194,500
Subdivision: Holly Hills
BEDS
3
BATHS
2
SQ.FT.
1,688
BUILT
1998
ON SITE
2Days
MLS
1532463
This one owner brick ranch has 3 bedrooms with a master bedroom with tray ceiling and its own bathroom with a shower. This home features maple flooring in the living room, kitchen and hallway and the...
1051 Cecil Ave
Louisville, KY 40211
1051 Cecil Ave Louisville, KY 40211
1 of 14
$25,000
Subdivision: N/A
BEDS
2
BATHS
1
SQ.FT.
896
BUILT
1930
ON SITE
2Days
MLS
1532469
INVESTORS, NEED SOME WORK, HAS BEEN USED AS INVESTMENT PROPERTY IN THE PAST-$450/M. CURRENTLY YOU HAVE TO WALK THROUGH ONE BEDROOM TO GET TO THE OTHER. CALL TODAY!
6105 Gloria Ln
Louisville, KY 40213
6105 Gloria Ln Louisville, KY 40213
1 of 11
$99,900
Subdivision: Wigginton Estate
BEDS
3
BATHS
1
SQ.FT.
900
BUILT
1963
ON SITE
2Days
MLS
1530548
Great Ranch home in a desirable area and located on a dead end street. Conveniently located close to I65 and 264 off of Preston Hwy. New paint throughout, new kitchen flooring. 2 car detached garage,...
2911 Windsor Forest Dr
Louisville, KY 40272
2911 Windsor Forest Dr Louisville, KY 40272
1 of 9
$230,000
Subdivision: Windsor Forest
BEDS
3
BATHS
3
SQ.FT.
3,606
BUILT
1972
ON SITE
2Days
MLS
1532471
This incredible opportunity in the highly sought after Windsor Forest neighborhood is one to see! You will love the gorgeous hardwood floors that carry throughout most of the main level of the home....
11325 Arbor Wood Dr
Louisville, KY 40299
Open House
11325 Arbor Wood Dr Louisville, KY 40299
1 of 70
$300,000
Subdivision: Arbor Wood
BEDS
4
BATHS
4
SQ.FT.
2,825
BUILT
2005
ON SITE
2Days
MLS
1532472
*FIRST SHOWINGS AT OPEN HOUSE 5/19/19* THIS IS THE ONE YOU HAVE BEEN WAITING FOR! This over 2800 total sq ft, 4 bedroom 3.5 bath 2 story mostly brick BEAUTY offers tons of updates! You want move in...
111 Chestnut Glen Dr
Louisville, KY 40245
111 Chestnut Glen Dr Louisville, KY 40245
1 of 10
$486,625
Subdivision: Chestnut Glen
BEDS
7
BATHS
4
SQ.FT.
4,269
BUILT
2002
ON SITE
2Days
MLS
1532473
Custom Built Brick Home with Stone Accents in desirable Chestnut Glen. 7 Bedrooms, 3 & 1/2 Baths, over 4,200 square feet. Great Room, Formal Dining Room, Gourmet Kitchen with Granite and S/S...
5311 Senator Ln
Louisville, KY 40219
5311 Senator Ln Louisville, KY 40219
1 of 13
$169,900
Subdivision: Cheri Village
BEDS
3
BATHS
2
SQ.FT.
1,392
BUILT
1964
ON SITE
2Days
MLS
1532474
Don't curb appraise this beautiful home, once inside you will be surprised and amazed. This 1400 square foot 3 bedroom, 1.5 brick ranch home in Cheri Village has been extensively remodeled....
4228 Lynnbrook Dr
Louisville, KY 40220
Open House
4228 Lynnbrook Dr Louisville, KY 40220
1 of 20
$195,000
Subdivision: Brookhaven
BEDS
3
BATHS
2
SQ.FT.
1,195
BUILT
1960
ON SITE
2Days
MLS
1532476
Welcome to 4228 Lynnbrook Drive! You will love the home's bright and updated living spaces. This home features an updated kitchen, renovated bathrooms, and hardwood floors. Off the dining room...

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