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.

Click here to request a PDF version of

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!

Click here to contact us.

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.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
1186 Properties
Page 1 of 99
$350,000
Subdivision: Broadfields
3
Beds
2
Baths
1,978
Sq.Ft.
1960
Year Built
1
Day on Site
1583634
MLS
Be the 2nd owner of this classic 3 Bedroom 2 Bath brick Ranch on a quiet cul-de-sac in the Broadfields neighborhood with gorgeous hardwood floors. The home includes a Primary Suite & two additional...
$140,000
Subdivision: Vogt
3
Beds
1
Baths
1,294
Sq.Ft.
1963
Year Built
1
Day on Site
1583635
MLS
This charming one-owner ranch has been lovingly maintained and cared for since the owner had it built in 1963. Beautiful landscaping welcomes you to 3304 Carrie Drive and as you enter you are greeted...
$165,000
Subdivision: Valley View
4
Beds
1
Baths
1,350
Sq.Ft.
1953
Year Built
2
Days on Site
1583607
MLS
This 4 bedroom, one bath home has lots of space. Above ground pool and 2 car detached garage. Quiet street convenient to shopping, schools and expressways.
$169,900
Subdivision: Dixie Gardens
3
Beds
1
Baths
2,100
Sq.Ft.
1955
Year Built
2
Days on Site
1583610
MLS
3 bedroom, 2 full bath brick ranch with basement, attached garage, large lot. Fresh decor and updates throughout. Full bath and office/4th bedroom in basement. Breezeway from kitchen to garage. Large...
$199,900
Subdivision: Whispering Hills
3
Beds
1F11/2
Baths
1,100
Sq.Ft.
1964
Year Built
2
Days on Site
1583614
MLS
Under 200k!! Stunning brick ranch located in the highly desired Whispering Hills neighborhood. This home has updates galore. Spacious open floor plan with luxury vinyl plank flooring, granite...
$112,000
Subdivision: Southern Heights
2
Beds
1
Baths
681
Sq.Ft.
1947
Year Built
2
Days on Site
1583618
MLS
2 bedroom home with updated kitchen floor and bathroom floor, updated toilet and bathroom vanity, home has a very large fenced back yard, vacant and easy to show.
$139,900
Subdivision: Hunters Hill
3
Beds
1F11/2
Baths
1,995
Sq.Ft.
1964
Year Built
2
Days on Site
1583619
MLS
Very nice Bedford Stone Ranch in PRP, this home has hardwood floors, ceramic tile in the kitchen, new lighting on the main level of the home, new carpet in the basement, large fenced back yard with a...
$271,000
Subdivision: Oakhurst
3
Beds
2
Baths
1,750
Sq.Ft.
1995
Year Built
2
Days on Site
1583621
MLS
Don't miss this Comfortable and Inviting 3-Bedroom home ideally situated in Oakhurst subdivision. Features include a tile entryway which opens to the spacious Great Room with soaring vaulted ceiling,...
$152,500
Subdivision: Heather Hills
4
Beds
1F11/2
Baths
1,390
Sq.Ft.
1963
Year Built
2
Days on Site
1583622
MLS
DARLING end unit townhome! Updated! Big living room with. hardwood floors. and bay window!Nice kitchen with upgraded appliances, white cabinets, eating. area! 4 bedrooms! ( perfect for home office...
$275,000
Subdivision: Park Springs
4
Beds
2F11/2
Baths
1,700
Sq.Ft.
2021
Year Built
2
Days on Site
1583624
MLS
New construction home in the Park Springs neighborhood. 4 bedroom, 2.5 bathrooms. Projected completion is mid to late June. Please use caution, as this is still an active construction site.
$269,900
Subdivision: Ashley Place
3
Beds
2
Baths
1,765
Sq.Ft.
1999
Year Built
2
Days on Site
1583625
MLS
Ashley Place is a quiet cul-de-sac and a unique little neighborhood in the heart of J-town. This brick ranch has much to offer starting with a tiled entry opening to a vaulted and spacious great room...
3
Beds
2
Baths
1,700
Sq.Ft.
1962
Year Built
2
Days on Site
1583627
MLS
Play room in the basement can potentially turn into a bedroom. Great starter home with lots of updates. Conveniently near Iroquois park. Lots of parking space because of the corner lot and extra...

Post a Comment