If you are thinking about moving to Louisville, Kentucky – or already live in Louisville and want to move to a new home – there is a lot of information available to help you out.
Here is everything that you need to know about the real estate market in Louisville!
The real estate market in Louisville is currently a warm market, with many people wanting to buy homes in the city. The market is a seller’s market, but buyers still have options – as homes aren’t selling immediately.
- The median home value is $176,603
- Home values have increased by 5.2% over the course of 2019
- The value is predicted to rise by 4.8% over 2020, meaning by 2020 home values will have doubled since 2018 – if values rise by the predicted amount
Homes that are listed currently have a media list price of $199,900. However, homes that are sold have a median sale price of $171,600.
In terms of price per square foot, homes are listed at $138 p/sq. ft on average.
On average, homes in Louisville are listed for about 68 days before they are sold.
This number has significantly dropped in recent years due to the increase in demand for homes from buyers. Louisville has become more popular to live in, and there are prestigious colleges and schools nearby that buyers are interested in sending their children to!