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.

2275 Properties Found. Showing 1-12
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8123 Afterglow Dr
Louisville, KY 40214
Open House
8123 Afterglow Dr Louisville, KY 40214
1 of 33
$157,500
Subdivision: Candlelight
BEDS
3
BATHS
2
SQ.FT.
1,689
BUILT
1963
ON SITE
2Days
MLS
1521190
This 1 floor RANCH style HOME, WAS COMPLETELY REBUILT IN 2009 FROM FOUNDATION UP, Like a NEW HOME. Since 2009 NEW Roof, NEW Windows, NEW Hardwood Floors, NEW Oak Kitchen Cabinets, NEW Bathrooms,NEW...
628 S 36Th St
Louisville, KY 40211
628 S 36Th St Louisville, KY 40211
1 of 11
$30,740
Subdivision: N/A
BEDS
3
BATHS
2
SQ.FT.
1,395
BUILT
1921
ON SITE
2Days
MLS
1521191
Great opportunity to buy this 1.5 story home located in Louisville, KY and sitting on a .10 acre lot with a detached garage. The interior has 1395 sq. ft. with 3 bedrooms and 2 bathrooms plus a full...
310 Chanel Ct
Louisville, KY 40218
310 Chanel Ct Louisville, KY 40218
1 of 22
$80,000
Subdivision: Mansard House
BEDS
2
BATHS
2
SQ.FT.
944
BUILT
1979
ON SITE
2Days
MLS
1521192
Welcome to 310 Chanel Court #3, in centrally located Mansard House Condominiums! Enjoy stress free living-- this is a super cute two bedroom two full bath unit...move right in! Open family room/...
4905 Valley Station Rd
Louisville, KY 40272
4905 Valley Station Rd Louisville, KY 40272
1 of 11
$120,000
Subdivision: Mound View Park
BEDS
3
BATHS
2
SQ.FT.
1,167
BUILT
1954
ON SITE
2Days
MLS
1521193
This lovely one story brick ranch home if available and is being sold as-is. It has 3 bedrooms, 2 full baths, full unfinished basement, large car port and lots of yard. The neighbors on either side...
431 Mayfair Ln
Louisville, KY 40207
431 Mayfair Ln Louisville, KY 40207
1 of 42
$1,325,000
Subdivision: Mockingbird Valley
BEDS
4
BATHS
5
SQ.FT.
4,610
BUILT
1941
ON SITE
2Days
MLS
1521198
Nestled just off the Lightfoot/ Mayfair split, this Jeffersonian classic is truly a one-of-a-kind property in Mockingbird Valley. Special features of this 4 bed 4.5 baths include: 2 separate master...
7206 Applegate Ln
Louisville, KY 40228
7206 Applegate Ln Louisville, KY 40228
1 of 42
$155,950
Subdivision: Penn Run
BEDS
3
BATHS
3
SQ.FT.
1,838
BUILT
1978
ON SITE
2Days
MLS
1521199
THIS ONE HAS THE CHARM WITH THE ECONOMY!!! A FAMILY DELIGHT!!! This home has it all, Price, Condition and Location!!! This Bi-Level has approx 2,200 sq ft total living space , 3BR's, 2.5 baths, a...
4605 Hedgerow Ct
Louisville, KY 40220
4605 Hedgerow Ct Louisville, KY 40220
1 of 44
$199,000
Subdivision: Saint Regis Park
BEDS
3
BATHS
2
SQ.FT.
1,614
BUILT
1970
ON SITE
2Days
MLS
1502959
**********BACK ON THE MARKET BUYER'S FINANCING FAIL THROUGH*********Property being offered as is, seller will do no repairs. Buyer responsible to verify all utilities. Buyer to have utilities turned...
11500 Creek Brook Dr
Louisville, KY 40229
11500 Creek Brook Dr Louisville, KY 40229
1 of 27
$248,900
Subdivision: N/A
BEDS
4
BATHS
3
SQ.FT.
1,910
BUILT
2012
ON SITE
2Days
MLS
1521204
Your beautiful home is available in time for the holidays. Friends and family members will love your open design of the main floor. You'll have the convenience of going from room to room with ease....
304 Christian Village Cir
Louisville, KY 40243
304 Christian Village Cir Louisville, KY 40243
1 of 9
$179,500
Subdivision: Middletown Village
BEDS
2
BATHS
2
SQ.FT.
1,078
BUILT
2000
ON SITE
2Days
MLS
1521205
INCREDIBLE ''LAKE VIEW'' PATIOHOME FOR SENIORS - HANDICAP ACCESSIBLE - RARELY OFFERED*** 1-STORY WITH SCREENED BACK PORCH*** AND CONVENIENT FRONT PORCH TOO!!!LAUNDRY IN UNIT***DAILY MEALS CAN...
2010 Nelson Ave
Louisville, KY 40216
2010 Nelson Ave Louisville, KY 40216
1 of 19
$137,900
Subdivision: N/A
BEDS
3
BATHS
2
SQ.FT.
2,100
BUILT
1961
ON SITE
2Days
MLS
1521206
Come take a look at this adorable, one owner, well maintained 3BR 2BA stone ranch located in Shively. On the main level you will find 3 BR, 1 BA, a living room, kitchen and dining area with French...
9804 Blue Lick Rd
Louisville, KY 40229
9804 Blue Lick Rd Louisville, KY 40229
1 of 27
$119,950
Subdivision: N/A
BEDS
3
BATHS
1
SQ.FT.
984
BUILT
1960
ON SITE
2Days
MLS
1521207
IDEAL STARTER HOME!!!! OR GREAT FOR THOSE WHO WANT TO DOWNSIZE!!! Very nice 3BR stone ranch, eat-in kitchen with lots of cabinet space, separate utility room, 2 car detached garage, fenced yard, this...
4608 Hanford Ln
Louisville, KY 40207
4608 Hanford Ln Louisville, KY 40207
1 of 45
$442,900
Subdivision: Smithfield
BEDS
3
BATHS
2
SQ.FT.
3,080
BUILT
1953
ON SITE
2Days
MLS
1521210
Exceptional Brick Walkout Ranch, Desirable Area Just Listed. Beautifully refinished red oak hardwood floors throughout the spacious living areas. Excellent views out to your beautiful 1/2 acre lot...

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