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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898 Properties
Page 1 of 45
$350,000
Neighborhood: Langdon Place
4
Beds
2F21/2
Baths
2,945
Sq.Ft.
1988
Year Built
1
Day on Site
1629850
MLS
Great potential and a fantastic opportunity awaits you here at 2500 Titleist Rd, in beautiful Langdon Place! This spacious, traditional four bedroom and four bathroom (two full and two half) 2-story...
$225,000
Neighborhood: Fox Ridge
3
Beds
1
Baths
1,376
Sq.Ft.
1974
Year Built
1
Day on Site
1629854
MLS
ADORABLE 3 bedroom, 1 bath tri-level in Fox Ridge subdivision located in Fern Creek. Move-in ready with numerous updates; fresh paint (cabinets, walls, doors, trim), light fixtures/ceiling fans,...
$415,500
Neighborhood: Windsor Forest
4
Beds
2F11/2
Baths
3,334
Sq.Ft.
1970
Year Built
1
Day on Site
1629852
MLS
Isn't she lovely? Check out this beauty of a home! Welcome to 9108 Lakeridge, this spacious 4 bedroom 2.5 bathrooms, 2 car garage and partially finished basement, has stellar finishes the only thing...
$170,000
Neighborhood: Valley Village
3
Beds
1F11/2
Baths
996
Sq.Ft.
1957
Year Built
1
Day on Site
1629861
MLS
Welcome home to this recently updated 3 bedroom, 1.5 bath home in Valley Village. Updates include newer flooring, fresh paint, updated kitchen cabinets and granite countertops. Both the full and half...
$112,000
Neighborhood: Colonial Hill Manor
2
Beds
2
Baths
906
Sq.Ft.
1983
Year Built
1
Day on Site
1629860
MLS
Terrific 2 Bedroomn 2 Bath centrally located Condomium with a Primary Suite. This 900 sq ft home has a Family Room with fireplace, Dining Area and Kitchen. The Primary Bedroom with ensuite full bath...
$467,000
Neighborhood: The Ridge At Old Henry
3
Beds
2
Baths
2,397
Sq.Ft.
2004
Year Built
1
Day on Site
1629857
MLS
Elegant & spacious brick patio home located in the desirable ''The Ridge at Old Henry'' community. This 3BR/2BA home offers a wonderful open floorplan with natural light! Beyond the stone 2-story...
3
Beds
1
Baths
1,140
Sq.Ft.
1964
Year Built
1
Day on Site
1629856
MLS
BACK ON MARKET, financing fell thru. Very clean home with new paint, redone hardwood flooring, exterior paint, some new exterior trim, windows. Good size living and eat in kitchen. lots of counter...
$260,000
Neighborhood: Worthington Glen
3
Beds
2
Baths
1,490
Sq.Ft.
1998
Year Built
1
Day on Site
1629869
MLS
Welcome to the best of condominium living! This amazing open concept condo has vaulted ceilings, fireplace and upgrades galore that include granite countertops, copper sink with new faucet, dressing...
3
Beds
2F11/2
Baths
2,280
Sq.Ft.
1959
Year Built
1
Day on Site
1629868
MLS
This house has it all. 3 bed, 2-1/2 bath. Finished basement and large garage. Close to everything. Brick exterior. Large oak tree in front offers plenty of shade. House has lots of natural light....
$430,000
Neighborhood: Tradesmill
3
Beds
2F11/2
Baths
1,707
Sq.Ft.
2000
Year Built
1
Day on Site
1629866
MLS
Welcome home! This home features 3 bedrooms, 2 full bathrooms, and 1 half bathroom on a 1/2 acre lot. The primary bedroom is on the main level of the home. The remaining bedrooms are upstairs along...
$500,000
Neighborhood: Coach Gate Condominiums
3
Beds
3F11/2
Baths
3,239
Sq.Ft.
1985
Year Built
1
Day on Site
1629865
MLS
FABULOUS OPPORTUNITY! Immaculate, move-in ready! Terrific indoor and outdoor living spaces. Gracious, easy living all on one floor with a finished walkout lower level in one of Louisville's WONDERFUL...
3
Beds
2
Baths
1,781
Sq.Ft.
1970
Year Built
1
Day on Site
1629863
MLS
This 3-bedroom, 2-bathroom brick ranch home boasts a charming covered front porch, perfect for welcoming guests. Inside, you'll find 2 living areas and a spacious kitchen with a separate dining area...
$224,000
Neighborhood: Park Duvalle
3
Beds
2
Baths
2,181
Sq.Ft.
2001
Year Built
1
Day on Site
1629881
MLS
On the tree lined street, in the center of Park DuValle, is your new home. This recently updated cape cod 3 bedroom 2 bath, with partially finished basement and inviting front porch with a sidewalk...
$374,900
Neighborhood: Cedar Brook
4
Beds
2
Baths
1,771
Sq.Ft.
2023
Year Built
1
Day on Site
1629882
MLS
Home is built and can close quickly. D.R. Horton, America's Builder presents the Chatham plan. This home provides 4 bedrooms and 2 baths in a single-level, open living space. Three large bedrooms are...
2
Beds
1
Baths
1,313
Sq.Ft.
1910
Year Built
1
Day on Site
1629875
MLS
Great addition to rental portfolio for investors! 2 bedroom 1 bath brick home right off Broadway! There are double doors off the living room which allows this room to be used as a dining room, office...
$350,000
Neighborhood: Parkridge
3
Beds
2F11/2
Baths
2,495
Sq.Ft.
1996
Year Built
1
Day on Site
1629873
MLS
''Check out the size of this one!'' This spacious Theineman built ranch offers large rooms throughout and the potential to double your living space with the unfinished walkout basement. A BIG,...
$220,000
Neighborhood: Caven Village
2
Beds
1
Baths
1,339
Sq.Ft.
1980
Year Built
1
Day on Site
1629872
MLS
Attractive tri-level home on a corner lot in a very convenient location. Features include laminate flooring on first floor, large primary bedroom, insulated windows, covered rear deck, fenced back...
$236,500
Neighborhood: Parkwood Villas
3
Beds
2
Baths
1,440
Sq.Ft.
2005
Year Built
1
Day on Site
1629871
MLS
What a great find! You won't want to miss this opportunity to own a patio home in Parkwood Villas. This well kept 3 bedroom, 2 full bath patio home has been updated with hardwood floors, open...
Open 2/5
4126 Lilac Vista Dr Louisville,  KY 40241
$379,000
Neighborhood: Village Of Spring Meadows
3
Beds
2F11/2
Baths
2,280
Sq.Ft.
2002
Year Built
1
Day on Site
1629870
MLS
Easy, lock and leave living in a sought after Springhurst location. Situated on a private corner lot, this meticulously maintained patio home offers 3 bedrooms, 2 1/2 baths and 2,280 sq ft of living...
2
Beds
1
Baths
1,531
Sq.Ft.
1949
Year Built
1
Day on Site
1629893
MLS
Come see this charming Ranch home offering 2 bedrooms and 1 full bath. The living room offers neutral paint colors and LVP wood flooring . The kitchen includes ceramic tile flooring and plenty of...

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