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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1577 Properties
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$185,000
Subdivision: Lone Acres
3
Beds
1
Baths
1,400
Sq.Ft.
1972
Year Built
1
Day on Site
1599369
MLS
Charming bi-level house located in the Lone Acres neighborhood. Offering 3 bedrooms and 1 full bath. Schedule your showing today!
$189,900
Subdivision: Casa Landa
3
Beds
1F11/2
Baths
1,142
Sq.Ft.
1979
Year Built
1
Day on Site
1599372
MLS
Lovely brick ranch located in Fern Creek. Updated in 2018, this home features a new roof, new HVAC system, new windows, a one car garage, and two car carport. The great room includes a beautiful gas...
$235,000
Subdivision: Fincastle
3
Beds
2
Baths
1,176
Sq.Ft.
1976
Year Built
1
Day on Site
1599377
MLS
Very well cared for home. Open floor plan. Big kitchen with lots of cabinets and counter space. Appliances remain. House was updated within the last 10 years includes the kitchen, bathrooms, and...
$79,000
Subdivision: Pusey Addn
3
Beds
1
Baths
1,279
Sq.Ft.
1914
Year Built
1
Day on Site
1599381
MLS
investors this property is ready for you to bring it to life! Offering plenty of space for your ideas in an upcoming area!
$144,900
Subdivision: East Iroquois
2
Beds
2
Baths
1,350
Sq.Ft.
1950
Year Built
1
Day on Site
1599380
MLS
First time home buyers and investors look no further! This is a beautiful 2 bed, 2 bath brick ranch with a partially finished basement and detached garage. It is located across from Iroquois Park and...
$130,000
Subdivision: Douglass Hills
2
Beds
2
Baths
985
Sq.Ft.
1978
Year Built
1
Day on Site
1599384
MLS
QUICK POSSESSION on this well-maintained condo in the well-established, conveniently located Douglass Hills! Enter into the living room with LVP flooring that flows from there into the dining room &...
$225,000
Subdivision: Westport Gardens
3
Beds
2
Baths
2,244
Sq.Ft.
1949
Year Built
1
Day on Site
1599386
MLS
A great opportunity to renovate a property in sought after St Matthews! This 3 bedroom 2 full bath home is ready for its new owner to make it their own! You will love the massive backyard. Close to...
$529,900
Subdivision: Sanctuary Bluff
3
Beds
2
Baths
2,185
Sq.Ft.
2020
Year Built
1
Day on Site
1599387
MLS
New construction in Sanctuary Bluff by Infinity Homes. This home offers 3 bedrooms, 2 baths, first floor laundry, office, mud room, and an attached 2 car garage. Kitchen has large center island,...
$409,900
Subdivision: Kaelins
4
Beds
2
Baths
1,974
Sq.Ft.
1925
Year Built
1
Day on Site
1599388
MLS
This stunning renovation of a single owner home has it all; NEW electrical, plumbing, windows, spray foam insulation and so much more. The covered front porch welcomes you into the light filled...
3
Beds
2
Baths
1,012
Sq.Ft.
1925
Year Built
1
Day on Site
1599396
MLS
3 bed 2 bath bungalow. Property is sold in As-Is condition and Where-Is. Seller does not prorate taxes or pay delinquent taxes. Buyer pays all closing costs including, but not limited to any and all...
$259,900
Subdivision: Breckenridge Estates
3
Beds
2
Baths
2,068
Sq.Ft.
1972
Year Built
1
Day on Site
1599397
MLS
Beautifully maintained brick ranch on quiet court. Plenty of space to entertain with a living room plus a family room with a fireplace. There is a dining room and a eat-in kitchen. The kitchen has...
$149,900
Subdivision: Leemont Acres
3
Beds
1
Baths
1,025
Sq.Ft.
1971
Year Built
1
Day on Site
1599400
MLS
Huge Lot. Completely renovated Kitchen with new cabinets and granite countertops. All appliances remain. New flooring throughout the house. Bathroom has also been updated. Check this one out.

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