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.

2489 Properties
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$265,000
Subdivision: Bannon Crossings
3
Beds
3F11/2
Baths
2,440
Sq.Ft.
2006
Year Built
1
Days on Site
1538257
MLS
Welcome home to Bannon Crossings. This home has an open floor plan, breakfast bar, first floor laundry and three and a half bath rooms!! Three bedrooms, including master on 2nd floor. Family Room,...
2
Beds
1
Baths
840
Sq.Ft.
1941
Year Built
1
Days on Site
1538258
MLS
Great starter home. Clean, neat and very nice to live in. You can relax on your front porch or go to the back and enjoy your deck and fenced in back yard. Come and see this home it will not last...
$129,900
Subdivision: Cinderella Estate
3
Beds
1
Baths
925
Sq.Ft.
1971
Year Built
1
Days on Site
1538259
MLS
Welcome to Cinderella Estates. This recently renovated brick ranch has a nice open flow that features three bedrooms one bath and a two car garage. Updates include: New floors in the living room and...
$339,000
Subdivision: Holly Springs
4
Beds
3F11/2
Baths
3,328
Sq.Ft.
1990
Year Built
1
Days on Site
1538260
MLS
Now is your chance to live in desirable Holly Springs. Located on a quite cul-de-sac this lovely 4 bedroom 3 1/2 bath home features 3,328 total square feet. The first floor has a formal dining room,...
Open 7/23
6809 Park Vista Drive Louisville, KY 40229
$255,949
Subdivision: Cooper Farms
3
Beds
2F11/2
Baths
2,293
Sq.Ft.
2019
Year Built
1
Days on Site
1538264
MLS
Welcome to The Brenden Plan by Ball Homes. The Brendan plan offers a family-friendly first floor layout with a large family room opening to a spacious kitchen and breakfast area with island and...
$149,900
Subdivision: Bonaventure
2
Beds
1F11/2
Baths
1,436
Sq.Ft.
1966
Year Built
1
Days on Site
1538265
MLS
RARE ONE OWNER HOME PURCHASED IN 1966!! Near Preston Hwy, expressway, Jefferson Mall, restaurants and several schools. Located in the heart of Okolona on a nice size corner lot. Large impressive...
$145,000
Subdivision: Thunderbird Manor
3
Beds
1F11/2
Baths
1,470
Sq.Ft.
1972
Year Built
1
Days on Site
1538269
MLS
3 bedroom 1.5 bath tri-level with 2 separate living rooms for entertaining. This home offers a nice size kitchen with white cabinets, stainless appliances and dining area. Outside you can enjoy the...
$179,900
Subdivision: Watterson Acres
3
Beds
1
Baths
1,987
Sq.Ft.
1957
Year Built
1
Days on Site
1538273
MLS
Spacious, all brick ranch style home in great neighborhood! The new, oversized front porch has composite decking for low maintenance. There is fresh paint on the exterior shutters and front door. A...
$170,000
Subdivision: Pleasant Valley
3
Beds
2
Baths
1,649
Sq.Ft.
1979
Year Built
1
Days on Site
1538278
MLS
Spacious quad level in Highview on corner lot for sale! California style open and airy main level with living room, dining room and kitchen. 3 bedrooms and bath on 2nd floor. Lower level family...
$499,900
Subdivision: Locust Hill
3
Beds
3F11/2
Baths
3,757
Sq.Ft.
1987
Year Built
1
Days on Site
1538279
MLS
Don't let the address fool you! This home has its own tree lined access road adjacent to the main Blankenbaker Lane. Upon entering the spacious foyer you are offered a view of the living and formal...
Under Contract
6402 Triplett Dr Louisville, KY 40258
$95,000
Subdivision: Westwind Park
3
Beds
3
Baths
2,570
Sq.Ft.
1967
Year Built
1
Days on Site
1538280
MLS
Bedford Stone Ranch in strong location ....Proven Rental or great flip - needs updating and neutralizing but has GREAT BONES and lots of space! Rooms are good sized especially the Master Suite, LR &...
$79,900
Subdivision: Lenox
2
Beds
1
Baths
816
Sq.Ft.
1919
Year Built
1
Days on Site
1538281
MLS
This newly renovated home is waiting for its new owner. Youll love the spacious kitchen and tiled bathroom. Call your Realtor Today.

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