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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744 Properties
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$669,900
Neighborhood: Park Hills
4
Beds
3F11/2
Baths
2,844
Sq.Ft.
1960
Year Built
1
Day on Site
1637784
MLS
A Unique home with a great view in an awesome location! This expanded ranch with 4 bedrooms sits in the Park Hills neighborhood of Seneca Park. The view out the back of the house will sell you and...
$175,000
Neighborhood: Gardiner Circle
2
Beds
1F11/2
Baths
1,224
Sq.Ft.
1981
Year Built
1
Day on Site
1637815
MLS
No description available...
$814,000
Neighborhood: Locust Creek
5
Beds
4F11/2
Baths
5,413
Sq.Ft.
2003
Year Built
1
Day on Site
1638073
MLS
Welcome to this STUNNING home located in the desirable Locust Creek neighborhood, this exquisite home offers the perfect blend of elegance, comfort, and modern living. With 5 bedrooms and 4.5 baths,...
$289,000
Neighborhood: Highlands
3
Beds
1
Baths
2,050
Sq.Ft.
1953
Year Built
1
Day on Site
1638253
MLS
Welcome to 1609 Deer Park Ave. Highlands Mid-Century Modern Brick Ranch. This Wonderful home is move-in ready. Three Bedrooms, Full Bath and Eat in Kitchen with tile floor and new smooth top range...
3
Beds
2
Baths
1,138
Sq.Ft.
1995
Year Built
1
Day on Site
1638254
MLS
Move-in ready split floor plan! Open concept with vaulted ceiling in the living room with loads of natural light. Florida room is awesome off the kitchen/living room that leads to a brand new 2 level...
Open 6/10
105 N Keats Ave Louisville,  KY 40206
2
Beds
1
Baths
1,442
Sq.Ft.
1910
Year Built
2
Days on Site
1637788
MLS
Location, Location, Location!! You will not want to miss this adorable shotgun with a fantastic all-seasons room and a phenomenal back yard. Located in the heart of Clifton, you are within walking...
Open 6/10
2608 Aylesbury Ct Louisville,  KY 40242
$350,000
Neighborhood: Rolling Hills
4
Beds
2F11/2
Baths
3,234
Sq.Ft.
1968
Year Built
2
Days on Site
1638143
MLS
Over $70K in upgrades and a real baby deer in the backyard! Welcome to your traditional 4 bedroom, 2.5 bath, finished basement, 2 car garage, with a fully fenced large backyard on a cul-de-sac. Your...
$250,000
Neighborhood: Gainsborough
3
Beds
2
Baths
1,512
Sq.Ft.
1994
Year Built
2
Days on Site
1638048
MLS
Beautiful outside maintenance free home with three bedrooms and two full bathroom. The primary bedroom is located on the first floor with a full bathroom with granite countertops. The kitchen is...
$569,000
Neighborhood: Falls Creek
4
Beds
3F11/2
Baths
3,717
Sq.Ft.
1993
Year Built
2
Days on Site
1638094
MLS
Welcome Home to 3205 Trail Ridge Rd. This beautifully updated 4 bedroom 3 and half bath home with a chef's gourmet kitchen has something for everyone! The light and bright living spaces are sure to...
Open 6/11
9412 Jo Ct Louisville,  KY 40299
$342,000
Neighborhood: Watterson Woods
4
Beds
2
Baths
2,314
Sq.Ft.
1988
Year Built
2
Days on Site
1637922
MLS
Welcome to this highly sought after immaculate home in Watterson Woods that sits on a quiet cul-de-sac. It features 4 bedrooms and two bathrooms. As you walk in the main floor, you will step into the...
$229,900
Neighborhood: Preston Park
3
Beds
2
Baths
1,486
Sq.Ft.
1962
Year Built
2
Days on Site
1638148
MLS
This charming fully remodeled 3 bedrooms & 2 Full bathrooms house showcases beautiful laminate flooring. The beautifully redone kitchen is complete with stainless steel appliances, white cabinets,...
$349,900
Neighborhood: Germantown
3
Beds
2
Baths
1,550
Sq.Ft.
1922
Year Built
2
Days on Site
1638147
MLS
Welcome to 1145 Samuel St, a stunningly remodeled property that offers the perfect blend of modern convenience and exquisite style. Situated in a highly sought-after location, this home is a real gem...
Open 6/11
7004 Little Oak Ct Louisville,  KY 40291
$295,000
Neighborhood: Grey Oaks
3
Beds
2
Baths
1,292
Sq.Ft.
2006
Year Built
2
Days on Site
1638153
MLS
Welcome to ''The Oaks Lily''... a GORGEOUS 3 bedroom 2 bath home in an amazing neighborhood and accessible to freeways, shopping and more! This is a move-in ready home beaming with natural light....
Open 6/10
11625 Gosling Shoals Way Louisville,  KY 40229
$369,000
Neighborhood: Thixton Bend
4
Beds
3
Baths
2,176
Sq.Ft.
2016
Year Built
2
Days on Site
1638149
MLS
Welcome to 11625 Gosling Shoals Way! A beautiful one owner home located in a quiet cul-de-sac in the Thixton Bend subdivision. It features hardwood flooring throughout the main living spaces with...
$540,000
Neighborhood: Polo Fields
4
Beds
3F21/2
Baths
4,000
Sq.Ft.
1994
Year Built
2
Days on Site
1638164
MLS
IMPRESSIVE OPEN FLOOR PLAN IN POLO FIELDS! Cul-de-sac location backing up to golf course. Walk in and be amazed with Brazilian cherry floors on first floor with open foyer that leads to formal...
$479,000
Neighborhood: Alhambra Heights
3
Beds
2
Baths
3,056
Sq.Ft.
1951
Year Built
2
Days on Site
1638173
MLS
Welcome to this charming 3-bedroom, 2-bathroom Cape Cod house located in St. Matthews. As you enter, you'll immediately notice the natural light that fills the living room, where a cozy fireplace...
Open 6/11
10914 Nagel Ct Louisville,  KY 40241
$350,000
Neighborhood: Brooks Of Hickory Hollow
3
Beds
2
Baths
1,578
Sq.Ft.
1998
Year Built
2
Days on Site
1638172
MLS
This three bedroom, two bath ranch has been updated from the drywall out, with new electrical outlets/switches, bathroom and kitchen faucets and hardware, all light fixtures throughout. The walls,...
$479,900
Neighborhood: Polo Fields
3
Beds
3
Baths
4,019
Sq.Ft.
2000
Year Built
2
Days on Site
1638171
MLS
Welcome home to this large, immaculate all brick ranch home situated in the back of Polo Fields in the Enclave Section! This magnificent property boasts over 4000 square feet offering comfort and...
3
Beds
2
Baths
1,060
Sq.Ft.
1952
Year Built
2
Days on Site
1638170
MLS
Must see this appealing 3 Bedroom 2 full Bath home in Valley Station. Lots of Shopping and restaurants nearby. Pull into the like new double drive and enter into the spacious living room with see...
$279,900
Neighborhood: Zachary Taylor
3
Beds
2F11/2
Baths
2,070
Sq.Ft.
1926
Year Built
2
Days on Site
1638168
MLS
Welcome to 1314 Morgan Avenue, a home that will sweep you off your feet and leave you captivated. Situated just minutes away from parks, schools, shops, restaurants, downtown, the airport, and major...

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