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.

2314 Properties Found. Showing 1-12
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8606 Gainsborough Dr
Louisville, KY 40291
Open House
8606 Gainsborough Dr Louisville, KY 40291
1 of 32
$168,900
Subdivision: Gainsborough
BEDS
4
BATHS
2
SQ.FT.
1,654
BUILT
1974
ON SITE
1Day
MLS
1507082
Check out this Fern Creek Listing!! Inside this home you will find a lovely living room with laminate flooring with plenty of room for family gatherings. Rounding out the first level you will find a...
2205 Liverpool Ln
Louisville, KY 40218
2205 Liverpool Ln Louisville, KY 40218
1 of 14
$148,000
Subdivision: Matthews Manor
BEDS
2
BATHS
2
SQ.FT.
1,190
BUILT
1957
ON SITE
1Day
MLS
1507083
Make your home on Liverpool Lane! Conveniently located, this 2 bed, 1.5 bath home has lots to offer its owners-to-be. Hardwoods on most of first floor set the perfect foundation for your decor...
633 Davies Ave
Louisville, KY 40208
633 Davies Ave Louisville, KY 40208
 
$34,900
Subdivision: N/A
BEDS
3
BATHS
1
SQ.FT.
1,160
BUILT
1900
ON SITE
1Day
MLS
1507084
rented - no sign call listing agt-fairly close to U of L
6812 Fallen Leaf Cir
Louisville, KY 40241
6812 Fallen Leaf Cir Louisville, KY 40241
 
$425,000
Subdivision: Woods Of St Thomas
BEDS
4
BATHS
3
SQ.FT.
3,409
BUILT
1987
ON SITE
1Day
MLS
1507086
Totally updated home located in sought after the Woods of St.Thomas neighborhood. This home has been totally renovated inside, including the kitchen, master bedroom suite, basement being finished, a...
2705 Summerfield Dr
Louisville, KY 40220
Open House
2705 Summerfield Dr Louisville, KY 40220
1 of 39
$301,990
Subdivision: Four Seasons II
BEDS
4
BATHS
3
SQ.FT.
3,233
BUILT
1989
ON SITE
2Days
MLS
1506926
Fabulous 2 story, 4 Bedroom 2.5 Bath home located in the Estate Section of Four Seasons II. Beautifully renovated 3233 usable, livable square feet. Formal Living and Dining Room. First floor Family...
3040 Aubert Ave
Louisville, KY 40206
Open House
3040 Aubert Ave Louisville, KY 40206
1 of 12
$249,000
Subdivision: Cherokee Heights
BEDS
2
BATHS
2
SQ.FT.
1,500
BUILT
1923
ON SITE
2Days
MLS
1506927
OPEN SUNDAY JUNE 24TH 2-4PM. TOTAL RENOVATION! Many upgrades!: Front sidewalk enlarged, Living Room Ceiling, Speakers, crown molding, new bookcases w/electrical outlet, Counter top with stove and...
8383 Walker Rd
Louisville, KY 40258
8383 Walker Rd Louisville, KY 40258
1 of 36
$129,900
Subdivision: N/A
BEDS
3
BATHS
1
SQ.FT.
1,107
BUILT
1954
ON SITE
2Days
MLS
1506929
LARGE Corner lot! Absolutely wonderful Curb Appeal! 1 Car GARAGE! Entertainment Space with nice deck, patio and fire pit! This wonderfully maintained home offers hardwood flooring, a nice size...
3206 Quinton Dr
Louisville, KY 40216
3206 Quinton Dr Louisville, KY 40216
1 of 35
$139,900
Subdivision: Vogt
BEDS
3
BATHS
2
SQ.FT.
2,088
BUILT
1963
ON SITE
2Days
MLS
1506930
Welcome home, come see this three bedroom 1.5 bath home located on a large corner lot. This home features hardwood floors, fresh paint throughout the home, new lighting and a new front door. The...
1859 Yale Dr
Louisville, KY 40205
1859 Yale Dr Louisville, KY 40205
1 of 48
$310,000
Subdivision: Cherokee Plaza
BEDS
2
BATHS
2
SQ.FT.
1,970
BUILT
1925
ON SITE
2Days
MLS
1506931
Highlands Charmer.... Spacious, Attractive, and Convenient. This home has great flow with windows full of calming views of nature. Many updates including Master Bath, new windows in most of the home....
213 Buckland Trace
Louisville, KY 40245
Open House
213 Buckland Trace Louisville, KY 40245
1 of 42
$475,000
Subdivision: Gardiner Park
BEDS
3
BATHS
3
SQ.FT.
4,422
BUILT
1999
ON SITE
2Days
MLS
1506932
Are you ready to enjoy life and leave the outdoor maintenance to someone else? Unique tudor-style, walk-out ranch with open floor plan. The great room has exposed beams & soaring 20+foot ceiling. The...
671 S Barbee Way
Louisville, KY 40217
Open House
671 S Barbee Way Louisville, KY 40217
1 of 17
$195,000
Subdivision: Gardiners Preston Park
BEDS
3
BATHS
2
SQ.FT.
1,250
BUILT
1927
ON SITE
2Days
MLS
1506933
Welcome to 671 South Barbee Way, a charming, updated and move-in ready three-bedroom home in a fantastic location. This home offers 1250 sq feet of finished living space and features hardwood floors,...
8306 Delightful Ct
Louisville, KY 40291
Open House
8306 Delightful Ct Louisville, KY 40291
1 of 24
$229,900
Subdivision: The Cedars
BEDS
3
BATHS
2
SQ.FT.
2,281
BUILT
1978
ON SITE
2Days
MLS
1506934
What a ''delightful'' home located on a ''delightful'' cul-de-sac in Fern Creek. Move right in to this 3 bedroom, 2 bath walkout ranch with plenty of room to spread out. The main level offers...

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