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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1332 Properties
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$165,000
Subdivision: Pleasure Ridge Park
3
Beds
1
Baths
1,800
Sq.Ft.
1956
Year Built
1
Day on Site
1577609
MLS
This spacious brick ranch home is located in the heart of PRP! The exterior brags of replacement windows, large corner lot, covered overhang, a fenced backyard and a large storage shed. The interior...
$220,000
Subdivision: Rolling Hills
3
Beds
2
Baths
1,100
Sq.Ft.
1965
Year Built
1
Day on Site
1577611
MLS
As close to brand new as it gets! Only minutes away from Middletown and I-264. Nestled in the quiet neighborhood of Rolling Hills, this wonderful 3 bedroom/2 bath boasts new, high quality kitchen...
$219,900
Subdivision: Hancock St Firehouse
2
Beds
1F11/2
Baths
1,300
Sq.Ft.
1851
Year Built
1
Day on Site
1577615
MLS
Check out this GORGEOUS condo in downtown Louisville. Located in an old firehouse, this condo has so many cool features that you MUST SEE! Located conveniently around shopping, dining, and within...
$148,800
Subdivision: Johnson Green
2
Beds
2
Baths
1,510
Sq.Ft.
2000
Year Built
1
Day on Site
1577613
MLS
Adorable-Spacious 2 Bedroom, 2 Full Bath Condo-End Unit - One Car Attached Garage! The welcoming entry has a large coat closet and the stairway leading to the main level opens into a spacious -...
$249,900
Subdivision: Rudgate Woods
4
Beds
3
Baths
2,948
Sq.Ft.
1967
Year Built
1
Day on Site
1577614
MLS
One-of-a-kind property, located on a 3/4 acre cul-de-sac lot with a fantastic hill view. Almost 3000 sf of major updates throughout: New roof, new windows, new furnace, new water heater, new AC, new...
$225,000
Subdivision: Chenoweth Park Estates
3
Beds
2
Baths
2,466
Sq.Ft.
1972
Year Built
1
Day on Site
1577618
MLS
Welcome to 10000 Pentel Lane. This stately ALL-BRICK home is immaculately clean, and well maintained. Boasting over 2400 sqft of finished living space, this 3 bedroom, 2 full bath ranch features a...
$179,000
Subdivision: Burkshire Terrace
3
Beds
1F11/2
Baths
1,125
Sq.Ft.
1971
Year Built
1
Day on Site
1577624
MLS
Welcome to a nice 3 bedroom 1-1/2 bath ranch home on a nice court. All brick open concept living. Well kept home that features a closed sunroom with its own half bath in the rear of the house....
$379,900
Subdivision: Jefferson Trace
3
Beds
2
Baths
2,363
Sq.Ft.
2004
Year Built
1
Day on Site
1577626
MLS
Welcome to this Exquisite and Meticulously maintained Elite Built Home Nestled on a Culdesac Lot ~ You will LOVE the Split Bedroom OPEN Floor Plan ~ Enter into the Vaulted Foyer leading to the Great...
4
Beds
2
Baths
2,058
Sq.Ft.
1956
Year Built
1
Day on Site
1577629
MLS
Welcome Home! This beautifully renovated sprawling ranch features over 2050 square feet above grade with four bedrooms and two full bathrooms. This home resides on an amazing lot along fairway number...
$665,000
Subdivision: Cherokee Triangle
4
Beds
5F11/2
Baths
4,207
Sq.Ft.
1901
Year Built
1
Day on Site
1577633
MLS
Located on the park side of Grinstead Drive in the historic Cherokee Triangle, this 4-bedroom, 5 1/2 bath home has a private, ensuite bathroom in every bedroom. The kitchen is open to the family room...
Open 1/24
110 Mccready Ave Louisville, KY 40206
3
Beds
1
Baths
1,350
Sq.Ft.
1935
Year Built
1
Day on Site
1577634
MLS
This owner is so sad to be leaving her beautiful single-family home right in the heart of Crescent Hill! This 1.5 story home boasts an updated kitchen & bathroom, spacious dining and living rooms...
$100,000
Subdivision: Holly House 2
2
Beds
1F11/2
Baths
1,400
Sq.Ft.
1975
Year Built
1
Day on Site
1577636
MLS
MOVE-IN READY Holly House [2] townhome conveniently located near the Watterson Expressway, downtown Louisville & the Louisville Muhammad Ali International Airport. Investor potential with rentals...

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