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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1093 Properties
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Open 10/9
4511 Shenandoah Dr Louisville, KY 40241
$288,900
Neighborhood: Fincastle
3
Beds
2F11/2
Baths
1,788
Sq.Ft.
1980
Year Built
1
Day on Site
1623306
MLS
Welcome to 4511 Shenandoah, this completely renovated two-story home has it all. Stone finishes include a granite kitchen countertop and kitchen island tile bathroom floors and walls. Feel welcomed...
Open 10/8
1540 Eskridge Ln Louisville, KY 40216
3
Beds
2
Baths
1,606
Sq.Ft.
2005
Year Built
1
Day on Site
1622541
MLS
COMING SOON! Ready to show by October 5th, this lovely 3 Bedroom, 2 Bath, split floor plan home is located on a quiet private country lane off the the beaten path. Will be ''on the market''...
$350,000
Neighborhood: Brownboro Farm
4
Beds
2F11/2
Baths
2,504
Sq.Ft.
1964
Year Built
2
Days on Site
1622936
MLS
This is your opportunity to live in Brownsboro Farm. Highly sought after neighborhood and not often available.Well maintained 2 story. 4 larger BR's and 2.5 baths. Lots of hardwood and an updated...
3
Beds
1
Baths
1,359
Sq.Ft.
1930
Year Built
2
Days on Site
1623371
MLS
This impressive red brick home with white panel accents has that steep roof line typical of the Dutch Cape Cod style house. It is brightly painted throughout, with natural light pouring in through...
$205,000
Neighborhood: Schnitzelburg
1
Beds
1
Baths
1,019
Sq.Ft.
1905
Year Built
2
Days on Site
1623373
MLS
Charming, move-in ready home with a flexible floor plan in the heart of Schnitzelburg. A welcoming front porch greets you as you enter through the large, glass-paned front door. The spacious front...
Open 10/9
3222 Eagle Pass Louisville, KY 40213
$335,000
Neighborhood: Audubon Park
2
Beds
2
Baths
2,519
Sq.Ft.
1941
Year Built
2
Days on Site
1623375
MLS
OPEN SUN 10/9 2-4 p.m. Don't miss this delightful house in desirable Audubon Park that has the rare find of a FIRST-FLOOR PRIMARY BEDROOM, recently remodeled kitchen, and large 2.5 car garage! This...
3
Beds
3
Baths
2,304
Sq.Ft.
1952
Year Built
2
Days on Site
1623376
MLS
Rebuilt 2 story home with 3 bedrooms, 3 full baths and finished basement. 2 additional rooms in the basement that could be used as bedrooms with a walk up outside.
Open 10/9
7413 Spring House Ln Louisville, KY 40291
$272,500
Neighborhood: Farmgate
3
Beds
3
Baths
2,808
Sq.Ft.
1973
Year Built
2
Days on Site
1623377
MLS
Welcome to this spacious ranch,on a cul de sac in Farmgate. Lovingly cared for & ready for a new owner. Nice curb appeal & covered front porch, lead you into warm foyer w/formal living room & dining...
$119,900
Neighborhood: Castle Vista
3
Beds
1
Baths
1,152
Sq.Ft.
1952
Year Built
2
Days on Site
1623381
MLS
Investors take a look! Great 3 bed 1 bath home with unfinished basement attached to the garage. Just needs some TLC. Property sold AS IS with absolutely no warranties expressed written or implied....
$749,000
Neighborhood: Locust Hill
4
Beds
3F11/2
Baths
4,727
Sq.Ft.
1986
Year Built
2
Days on Site
1623378
MLS
From the moment you enter 2108 Indian Chute through the stately front door you will want to call it home. Located in the highly sought after Locust Hill neighborhood, prepare to be charmed by its...
$189,900
Neighborhood: Leemont Acres
3
Beds
1
Baths
1,031
Sq.Ft.
1967
Year Built
2
Days on Site
1623379
MLS
Come home to this adorable, full brick ranch with a huge fully fenced yard and a 2 car detached garage. Notice the adorable curb appeal, with freshly painted shutters and front door and new...
$350,000
Neighborhood: Broeck Pointe
4
Beds
2F11/2
Baths
2,812
Sq.Ft.
1976
Year Built
2
Days on Site
1623380
MLS
Rare Opportunity To Own A Home In The Desirable BROECK POINTE subdivision! This charming New England style home offers wonderful curb appeal and an amazing amount of living space (2812 sq ft above...

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