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.

1959 Properties Found. Showing 1-12
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4033 W Muhammad Ali Blvd
Louisville, KY 40212
4033 W Muhammad Ali Blvd Louisville, KY 40212
 
$39,900
Subdivision: Charlane Heights
BEDS
3
BATHS
1
SQ.FT.
1,080
BUILT
1925
ON SITE
2Days
MLS
1525000
INVESTORS, Take notice! Cute, fixer-upper just down the street from Shawnee Park. This 3 bedroom bungalow needs some TLC to be great again. Large basement and fenced back yard with one car garage....
8612 Blue Lick Rd
Louisville, KY 40219
Open House
8612 Blue Lick Rd Louisville, KY 40219
1 of 42
$150,000
Subdivision: N/A
BEDS
3
BATHS
2
SQ.FT.
1,560
BUILT
1958
ON SITE
2Days
MLS
1525004
Welcome home to 8612 Blue Lick Road. 3 bedroom, 2 full bath brick ranch. Updated kitchen with white cabinets, stainless steel appliances, and gas stove. Master bedroom is huge and features walk-in...
211 Kingston Ave
Louisville, KY 40214
211 Kingston Ave Louisville, KY 40214
1 of 30
$129,500
Subdivision: N/A
BEDS
2
BATHS
2
SQ.FT.
1,349
BUILT
1944
ON SITE
2Days
MLS
1525007
Charming 1 1/2 story that offers a lot. Please note: this home is larger than the square footage indicates. The second floor is ideal for a bedroom, plenty of room and a closet. But the ceiling...
7223 Hassock Dr
Louisville, KY 40258
7223 Hassock Dr Louisville, KY 40258
1 of 20
$196,000
Subdivision: Greenwood Place
BEDS
3
BATHS
3
SQ.FT.
1,583
BUILT
2000
ON SITE
2Days
MLS
1525009
Finally a home that has it all! 3 bed / 2.5 bath with a 21 x 13 bonus room and a basement! Enjoy the quiet neighborhood while sitting on the covered front porch. This home is located just a few...
211 Waterstone Way
Louisville, KY 40245
211 Waterstone Way Louisville, KY 40245
1 of 77
$422,500
Subdivision: Waterstone
BEDS
3
BATHS
3
SQ.FT.
3,850
BUILT
2005
ON SITE
2Days
MLS
1525010
This beautiful brick ranch built by Elite homes is going to knock your socks off! Stepping into the entry way you can see all the living space from the bright formal dining room with tray ceiling, to...
630 Cobblestone Square
Louisville, KY 40223
Open House
630 Cobblestone Square Louisville, KY 40223
1 of 32
$136,900
Subdivision: Yorkwood
BEDS
2
BATHS
2
SQ.FT.
872
BUILT
1980
ON SITE
2Days
MLS
1525015
Great condo, great location, great price! Conveniently located to HWY64 and Hurstbourne LN, this 2 bedroom, 2 bath condo is on the ground floor and nestled securely in the Yorkwood subdivision. Enjoy...
8006 Smyrna Pkwy
Louisville, KY 40228
8006 Smyrna Pkwy Louisville, KY 40228
1 of 37
$140,000
Subdivision: Friendly Hills East
BEDS
3
BATHS
2
SQ.FT.
1,833
BUILT
1981
ON SITE
2Days
MLS
1525012
Wait until you lay your eyes on this beautiful brick Highview home. This 3 bedroom, 2 bathroom home located in southeastern Jefferson County is filled with tremendous features including unbelievable...
2614 Landor Ave
Louisville, KY 40205
Open House
2614 Landor Ave Louisville, KY 40205
1 of 51
$249,900
Subdivision: Seneca Vista
BEDS
3
BATHS
1
SQ.FT.
1,699
BUILT
1938
ON SITE
2Days
MLS
1525018
Incredible opportunity near Seneca Park! This charming 3 bedroom home boasts beautiful hardwoods, attractive built-ins, a large sunken living room, and a large kitchen connected to large dining areas....
1348 Herr Ln
Louisville, KY 40222
Open House
1348 Herr Ln Louisville, KY 40222
1 of 19
$149,400
Subdivision: Westport Gardens
BEDS
3
BATHS
3
SQ.FT.
1,315
BUILT
1973
ON SITE
2Days
MLS
1525021
Spacious well cared for brick townhome in a great location - a must see! Brand new windows throughout. First floor features a large family room and dining area with tons of natural light, a nice...
3769 Parthenia Ave
Louisville, KY 40215
3769 Parthenia Ave Louisville, KY 40215
 
$28,000
Subdivision: N/A
BEDS
2
BATHS
1
SQ.FT.
715
BUILT
1947
ON SITE
2Days
MLS
1525022
**Property is sold as-is**
2303 Greenwood Ave
Louisville, KY 40210
2303 Greenwood Ave Louisville, KY 40210
1 of 23
$14,000
Subdivision: Harriss
BEDS
3
BATHS
2
SQ.FT.
1,724
BUILT
1920
ON SITE
2Days
MLS
1519261
Bungalow with dated interior. 2nd floor has partial kitchen and two rooms. 1st floor is large. Large basement with bar built in and large storage area. Subject to Disability court approval and...
1412 Mccoy Ave
Louisville, KY 40215
1412 Mccoy Ave Louisville, KY 40215
1 of 18
$89,900
Subdivision: South Gate
BEDS
3
BATHS
1
SQ.FT.
1,075
BUILT
1943
ON SITE
2Days
MLS
1525027
TRUE DOLLHOUSE for under $90K. This 3 bedroom, 1 bath home has been updated and cared for unbelievably well. Gorgeous vinyl siding, with newer windows, 5 year old roof, beautiful hardwood floor in...

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