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.

2657 Properties
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Open 9/22
7501 Russell Ave Louisville, KY 40258
$149,500
Subdivision: Greenwood Villa
3
Beds
2
Baths
1,641
Sq.Ft.
1954
Year Built
1
Days on Site
1543761
MLS
I am larger then I look from the outside, updated tile in the both the living room and the family room with the over sized master bedroom and bath. There are two extra large bedrooms and one that is...
Open 9/23
6804 Beckingham Blvd Louisville, KY 40299
$320,000
Subdivision: Hanover Trace
4
Beds
2F11/2
Baths
2,606
Sq.Ft.
2015
Year Built
1
Days on Site
1543763
MLS
This is a model listing for ILLUSTRATIVE PURPOSES ONLY! Our best selling home, the Hampton, is available to view daily from 12-6.
$569,900
Subdivision: Lake Forest
5
Beds
3F11/2
Baths
5,521
Sq.Ft.
1994
Year Built
1
Days on Site
1543764
MLS
Don't miss this truly fabulous, executive style home with spectacular golf course lot! The vaulted entry features a turned staircase, leaded glass front door with arched palladium style window above....
$694,900
Subdivision: Lodge 820 On The Avenue
2
Beds
2F11/2
Baths
2,859
Sq.Ft.
2010
Year Built
1
Days on Site
1543765
MLS
Luxury living at its finest! Come enjoy this truly unique townhome style condo in the heart of Crescent Hill on Frankfort Avenue. Custom built by Karzen Langan Construction in 2010, you'll find no...
$137,000
Subdivision: Hudson Lake Estates
2
Beds
1
Baths
896
Sq.Ft.
2003
Year Built
0
Days on Site
1543768
MLS
Welcome home! This beautiful 2 bedroom home is located in the heart of Fern Creek and just minutes from restaurants, groceries and shopping. This home has been well cared for and is just charming....
$295,000
Subdivision: Mercantile Lofts
2
Beds
2
Baths
1,842
Sq.Ft.
1890
Year Built
0
Days on Site
1543769
MLS
This 2 bedroom, 2 bathroom contemporary first floor, ADA accessible, condo provides an open floor plan and is the perfect urban retreat. With 1,842 sf, this large space includes a private, secured...
$165,000
Subdivision: Charleswood
3
Beds
2
Baths
1,850
Sq.Ft.
1974
Year Built
0
Days on Site
1543770
MLS
This beautiful brick ranch three bedroom, two full bath is an absolute must see for anyone looking to buy a home! The home has been newly updated and features brand new carpet, fresh paint, light...
$165,000
Subdivision: Hudson Lake Estates
3
Beds
1F11/2
Baths
1,148
Sq.Ft.
1995
Year Built
2
Days on Site
1543729
MLS
Need a home that feels new, without the high price? Mechanical updates include water heater / roof / garage door / garbage disposal/ AC Condenser. Cosmetic updates include granite counter tops /...
$110,000
Subdivision: Scottsdale
3
Beds
1
Baths
998
Sq.Ft.
1964
Year Built
2
Days on Site
1543730
MLS
Opportunity for investment. 3 bedroom ranch home on corner lot; windows updated in 2010; furnace new in 2014; AC new in 2015. Currently rented, section 8, rents $850 per month. Lease expires July...
Open 9/22
4400 Cosby Ct Louisville, KY 40218
$160,000
Subdivision: Petersburg Estates
3
Beds
2
Baths
1,258
Sq.Ft.
1989
Year Built
2
Days on Site
1543733
MLS
Welcome home to 4400 Cosby Court! This 2 story home offers vaulted ceilings in the living room and has 3 bedrooms and 2 full baths. Home was completely remodeled just two years ago with upgrades...
Open 9/22
4432 Stone Wynde Dr Louisville, KY 40272
$419,000
Subdivision: Stoneridge Landing
4
Beds
4F11/2
Baths
3,948
Sq.Ft.
1999
Year Built
2
Days on Site
1543732
MLS
Welcome home! This charming cape cod home has over 6,000 sq. ft. of living space! Everything you can imagine...FIRST FLOOR MASTER SUITE with double trey ceiling, master bath with whirlpool...
Under Contract
3416 Allison Way Louisville, KY 40220
$185,000
Subdivision: Highgate Springs
4
Beds
1F21/2
Baths
1,924
Sq.Ft.
1957
Year Built
2
Days on Site
1543735
MLS
Are you looking for a home with space, character and charm? Well look no further! This cozy cape cod offers all of the above. With 4 bedrooms, large eat-in kitchen, dining room, partially finished...

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