A quick look at the local Louisville housing market and the current average home prices in Louisville KY. Numbers and statistics for Louisville real estate are gathered from the local Louisville MLS for the month of April 2022.
Louisville KY Real Estate Market (April 2022)
| Number of Homes Sold: | 1065 |
| Median Sale Price: | $240,200 |
| Days on Market: | 17 |
| New Construction Last Month: | 32 |
Current Louisville market - 10 Year Trend
Slightly down from last year but still came in as third-best (April) in the last ten years. The number of sales for April 2022 was 1065. This is down -8.8% from last year.
Line chart for Louisville real estate sales over the last 10-years
Activity & Showings on New Listings
Showings are still going strong in this seller's market. Numbers are even compared to this time last year.
Image Source: ShowingTime Showing Index
Louisville Housing Market Report 2022
Is it a Buyer Market or Sellers Market?
It is a Sellers Market. The absorption rate for the month of April was 0.9 months. This is an indication of how many months of inventory we currently have. To be at a balanced market you need to have around 5 months of inventory. Looking at the statistics further from the Greater Louisville MLS, compared to April 2021, the data shows that homes continue to sell at a fast pace. There is still some uncertainty about how the real estate market will be affected long term. However, with the median sale price up 9.6% compared to last year and the average days on market down -11.7%. Things are still looking pretty good for Sellers in the Louisville real estate market.
It is a strong Sellers Market and with low inventory, now may be a great time to SELL. Quickly find out what your home is worth!Whats Your Home Worth?
April 2022 Louisville Housing Statistics
- Median Sale Price: $240,200 (Up +9.6% from April 2021)
- List To Sale Price Ratio: 100.85% (Up +0.77% from April 2021)
- Days on the Market: 17 Days (Down -11.76% from April 2021)
- Total Sold Listings: 1065 (Down -8.8% April 2021)
Homes on average right now are selling within 17 days on market. Over the years we have seen a great increase in home prices around the Louisville area. Right now may still be a great time for homeowners that are thinking about selling because of the continued lack of listings but it looks like that could be shifting soon. The only question is when and how soon?
These numbers are from the Local MLS: Area of 00-Central Downtown District/Old Louisville, 01-Dtwn Old Louisville/Shively/West Lou, 02-Buchertwn/Hghlnds/Germantwn, 03-Clifton/Crescent Hill/St Matthews, 04-Pleasure Rdg/Valley Station/Shively, 05-Auburndale/Fairdale/IroquoisPrk/Shively, 06-Buchel/Hghvw/okolona/FernCreek, 07-FernCreek/Hikes Point/Jeffersontown, 08-DglasHls/Hurstbrn/Mdltwn/Anchrg/StMatt, 09-Anchrg/Glnvw/Lyndn/Prospct
Posted by Nathan Garrett on
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