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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757 Properties
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$289,900
Neighborhood: North Audubon
3
Beds
2F11/2
Baths
2,220
Sq.Ft.
1930
Year Built
1
Day on Site
1612479
MLS
Location, location, location! You will want to see this beautiful 3 bedroom, 2.5 bath home with character plus in the desirable North Audubon neighborhood. The kitchen has been recently updated and...
5
Beds
1
Baths
1,804
Sq.Ft.
1960
Year Built
2
Days on Site
1611670
MLS
This spacious Bedford Stone ranch home has FIVE bedrooms, a partially fenced in backyard and a detached garage! Talk about privacy! 3 of the Bedrooms are on one end of the home and 2 are on the other...
$450,000
Neighborhood: Spring Creek
4
Beds
3F11/2
Baths
3,562
Sq.Ft.
1994
Year Built
2
Days on Site
1612461
MLS
Stunning home with lots of updates!Two story foyer, dining room plus eat-in kitchen open to great room with fireplace. The kitchen has access to the deck area. Spacious primary bedroom with full bath...
$160,000
Neighborhood: Cloverleaf Acres
3
Beds
1F11/2
Baths
1,161
Sq.Ft.
1961
Year Built
2
Days on Site
1612902
MLS
New listing in convenient Cloverleaf. Livable in current condition, but most buyers would plan to update. Brick ranch with basement, fenced backyard, and shady front yard to enjoy sitting on the...
$285,000
Neighborhood: Strathmoor
2
Beds
1F11/2
Baths
1,350
Sq.Ft.
1940
Year Built
2
Days on Site
1612908
MLS
Wonderful 2 Bedroom 1-1/2 Bath in much sought after Strathmoor Village in the Highlands just blocks from all the shopping and entertainment the Bardstown Road corridor has to offer! Enter the home...
$200,000
Neighborhood: Los Arboles
2
Beds
2
Baths
1,299
Sq.Ft.
1960
Year Built
2
Days on Site
1612910
MLS
LOCATION LOCATION ... Completely updated and conveniently located off Shelbyville Road. Close to Hurstbourne Country Club, lovely parks and plenty of restaurants and shopping. This beautiful condo...
$222,200
Neighborhood: Sunshine Acres
3
Beds
2
Baths
1,776
Sq.Ft.
1971
Year Built
2
Days on Site
1612914
MLS
Welcome home! Three bedroom 2 FULL bath brick ranch on a cul-de-sac! Spacious living room with pass-through to a large kitchen. This home boasts hardwood and tile on first floor. Partially finished...
$175,000
Neighborhood: Valley Village
3
Beds
1
Baths
1,038
Sq.Ft.
1955
Year Built
2
Days on Site
1612916
MLS
Welcome home to this lovely 3 bedroom, 1 full bath home ready for its next owner. Once you arrive you will know this is the home you have been looking for. As you enter the home you will find a...
$697,500
Neighborhood: Persimmon Ridge
6
Beds
5F11/2
Baths
6,096
Sq.Ft.
2002
Year Built
2
Days on Site
1612918
MLS
This gorgeous RANCH with a split floor plan is located in the beautiful golf neighborhood of Persimmon Ridge. Perfectly located on .5+/- acre lot with easy access to the golf course, with gorgeous...
$575,000
Neighborhood: Cherokee Triangle
4
Beds
2F21/2
Baths
2,678
Sq.Ft.
1894
Year Built
2
Days on Site
1612922
MLS
Updated style and Victorian charm are united at 2210 Longest Avenue. This gorgeous Victorian is nestled in the heart of the Cherokee Triangle, steps away from Cherokee Park and Bardstown Road. This...
$442,000
Neighborhood: Stoneridge Landing
5
Beds
4F11/2
Baths
3,720
Sq.Ft.
1998
Year Built
2
Days on Site
1612923
MLS
Wow! This home is an absolute must see. Beautiful and large! Hardwood floors, white cabinets...stunning 5 Bedrooms, 4 full baths and one 1/2 bath. Multiple entertaining spaces, large, fenced yard,...
$264,900
Neighborhood: Fern Lea
3
Beds
3
Baths
2,808
Sq.Ft.
1965
Year Built
2
Days on Site
1612884
MLS
Honey STOP the Car! Welcome to where pride of ownership shows throughout. All Brick Exterior with front and back porch and 2 car attached garage. Upon entering the home, beautiful hardwood floors...

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