Louisville Real Estate Market Update
Below is a quick overview of the current Louisville real estate market. Numbers and statistics are gathered from the Greater Louisville Association of Realtors® (GLAR) for March 2025.
Is it a Buyers Market or Sellers Market? It is currently a Sellers Market. The absorption rate for March was 2.3 months. What is an absorption rate? This is an indication of how many months of inventory we currently have. You need between 4-6 months of inventory to be in a balanced market.
Home Prices
Are Home Prices Dropping in Louisville? Statistically, we see home prices increase during the spring and summer months. We saw home prices peak last year in June at $289,900. For March 2025, the median sale was slightly up ($278,000). We anticipate activity will increase in April and carry on through the spring and the median home prices will likely increase as well.
Housing Inventory
What is Happening in the Market? Looking at the statistics further from the Greater Louisville MLS, the data shows that homes sell on average around 57 days on market. This is slightly up compared to last year when the average DOM was 49.
Read More: Home Prices on the Rise in the Louisville Zip Codes
Showing Activity
Activity and showings overall for the year are down from last year. The most recent report shows a 15.9% decrease in showings compared to last year. Statistically, we see spring and summer as strong months for Buyer activity. So, a decrease in activity during the fall and winter months is common. The 12-month average is down -20.4%.
Image Source: ShowingTime Showing Index
It is a strong Sellers Market and with low inventory, now may still be a great time to SELL. Find out what your home is worth!
What is Your Home Worth?
March 2025 Louisville Housing Statistics
- Median Sale Price: $278,000 (Up +4.67% from March 2024)
- List To Sale Price Ratio: 98.6% (Up +0.1% from March 2024)
- Average Days on the Market: 57 Days (Up +14% March 2024)
- Total Sold Listings: 1,147 (Down -5.4% March 2024)
Homes right now are selling within 57 days on market. Over the years we have seen a great increase in home prices around Louisville. Right now may still be a great time for homeowners thinking about selling because of the continued lack of listings but it looks like that could be shifting soon.
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