Real Estate Markets in Louisville (2021)
LOUISVILLE REAL ESTATE HEAT MAP
Below is an interactive map that highlights the overall health of the real estate market for each area. Hover over each zip code to see how that real estate market is performing. All statistics were gathered from the local MLS, the Greater Louisville Association of Realtors (GLAR).
Top 10 Areas in Louisville Last Year
It's no surprise that home prices continue to accelerate across the Louisville area. We continue to hear that the inventory is low and now is a great time to sell. Below is a look at the top five areas that performed the best overall last year. Take a look at the methodology to understand the grading system that GarrettsRealty.com used to determine the health of the real estate market in that area.
1. LOUISVILLE, 40023
Total Points: 42.1
- Median Sale Price: $418,400 (+17.0%)
- Price increase amount: $60,896
- Number Homes Sold: 133 (+9.0%)
- Average Days on Market: 50
- Popular Neighborhoods: Derbyshire Estates, Fox Lair, Goebel Crossings, Orchards of Plum Creek, and Shakes Run.
2. LOUISVILLE, 40203
Total Points: 41.2
- Median Sale Price: $170,000 (+30.8%)
- Price increase amount: $40,000
- Number Homes Sold: 169 (-6.1%)
- Average Days on Market: 41
- Popular Neighborhoods: Limerick, Old Louisville, Russell, Shelby Park, and Smoketown.
3. LOUISVILLE, 40204
Total Points: 34.6
- Median Sale Price: $250,000 (+23.8%)
- Price increase amount: $48,000
- Number Homes Sold: 347 (6.1%)
- Average Days on Market: 39
- Popular Neighborhoods: Cherokee Triangle, Germantown, Highlands, and Irish Hill.
4. SPENCER COUNTY
Total Points: 33.8
- Median Sale Price: $299,500 (+15.2%)
- Price increase amount: $39,600
- Number Homes Sold: 297 (-2.0%)
- Average Days on Market: 34
- Popular Neighborhoods: Fox Lair, Goebel Crossings, Highview Estates, and Top Flight Landings.
5. LOUISVILLE, 40243
Total Points: 31.8
- Median Sale Price: $275,000 (+10.0%)
- Price increase amount: $25,000
- Number Homes Sold: 215 (+2.9%)
- Average Days on Market: 29
- Popular Neighborhoods: Crosscreeke, Douglas Hills, Middletown, Swan Pointe, and Urton Woods.
6. LOUISVILLE, 40291
Total Points: 31.7
- Median Sale Price: $231,750 (+13.0%)
- Price increase amount: $26,750
- Number Homes Sold: 700 (-9.9%)
- Average Days on Market: 27
- Popular Neighborhoods: Bardstown Woods, Glenmary, Little Spring Farm, and Willow Springs.
7. LOUISVILLE, 40207
Total Points: 29.8
- Median Sale Price: $330,000 (+12.9%)
- Price increase amount: $37,750
- Number Homes Sold: 615 (-7.1%)
- Average Days on Market: 31
- Popular Neighborhoods: Beechwood Village, Broadfields, Indian Hills and St Matthews.
8. LOUISVILLE, 40299
Total Points: 28.4
- Median Sale Price: $256,000 (+16.4%)
- Price increase amount: $36,000
- Number Homes Sold: 816 (+9.1%)
- Average Days on Market: 30
- Popular Neighborhoods: Billtown Farms, Charlene Heights, Jeffersontown, Saratoga Springs, and Stone Lakes.
9. LOUISVILLE, 40212
Total Points: 26.6
- Median Sale Price: $45,000 (+28.6%)
- Price increase amount: $10,000
- Number Homes Sold: 153 (-3.8%)
- Average Days on Market: 55
- Popular Neighborhoods: Portland, Russell, Shawnee, and Westview Terrrace.
10. LOUISVILLE, 40118
Total Points: 25.7
- Median Sale Price: $145,250 (+11.7%)
- Price increase amount: $15,250
- Number Homes Sold: 100 (-10.7%)
- Average Days on Market: 24
- Popular Neighborhoods: Austin Woods.
Complete List:
View the complete list of Louisville zip codes and surrounding areas to see where they stand. Statistics are compiled from residential homes sold in Louisville from 2020 compared to 2019.
| AREA | MEDIAN | Diff % | Diff $$ | SOLD | DOM | SCORE |
| 40023 | $418,400 | 17.00% | $60,896 | 133 | 50 | 42.06 |
| 40203 | $170,000 | 30.80% | $40,000 | 169 | 41 | 41.23 |
| 40204 | $250,000 | 23.80% | $48,000 | 347 | 39 | 34.60 |
| Spencer | $299,500 | 15.20% | $39,600 | 297 | 34 | 33.78 |
| 40243 | $275,000 | 10.00% | $25,000 | 215 | 29 | 31.88 |
| 40291 | $231,750 | 13.00% | $26,750 | 700 | 27 | 31.67 |
| 40207 | $330,000 | 12.90% | $37,750 | 615 | 31 | 29.78 |
| 40299 | $256,000 | 16.40% | $36,000 | 816 | 30 | 28.40 |
| 40212 | $45,000 | 28.60% | $10,000 | 153 | 55 | 26.55 |
| 40118 | $145,250 | 11.70% | $15,250 | 100 | 24 | 25.68 |
| 40059 | $504,950 | 11.00% | $50,000 | 544 | 61 | 25.60 |
| Bullitt | $211,000 | 11.10% | $21,100 | 1237 | 32 | 24.77 |
| 40206 | $234,950 | 11.60% | $24,500 | 372 | 30 | 23.82 |
| 40205 | $305,000 | 7.00% | $20,000 | 435 | 28 | 23.70 |
| Shelby | $239,900 | 11.60% | $24,900 | 751 | 39 | 23.48 |
| 40218 | $155,000 | 13.10% | $18,000 | 436 | 27 | 22.25 |
| 40258 | $156,500 | 8.70% | $12,500 | 502 | 26 | 22.14 |
| 40229 | $182,750 | 7.50% | $12,750 | 690 | 26 | 21.22 |
| 40228 | $195,000 | 8.80% | $15,725 | 367 | 24 | 21.15 |
| 40215 | $85,000 | 15.60% | $11,500 | 341 | 30 | 20.73 |
| 40242 | $234,000 | 4.60% | $10,250 | 202 | 21 | 20.50 |
| 40213 | $150,000 | 10.70% | $14,500 | 237 | 26 | 20.38 |
| 40216 | $145,000 | 10.70% | $14,050 | 622 | 32 | 19.96 |
| 40220 | $216,750 | 8.40% | $16,850 | 566 | 22 | 19.69 |
| Oldham | $333,500 | 6.40% | $20,000 | 1139 | 47 | 17.49 |
| 40217 | $187,900 | 3.00% | $5,400 | 299 | 25 | 17.20 |
| 40222 | $280,000 | 8.20% | $21,250 | 351 | 30 | 16.80 |
| 40245 | $368,829 | 9.20% | $31,079 | 928 | 51 | 16.41 |
| 40219 | $168,000 | 7.30% | $11,500 | 437 | 23 | 16.08 |
| 40208 | $92,000 | 8.90% | $7,500 | 128 | 48 | 15.63 |
| 40214 | $159,000 | 8.20% | $11,500 | 594 | 34 | 14.78 |
| 40241 | $299,900 | 5.20% | $14,900 | 562 | 38 | 13.80 |
| 40272 | $150,000 | 9.30% | $12,750 | 641 | 35 | 13.48 |
| 40210 | $43,285 | 8.20% | $3,285 | 123 | 52 | 9.89 |
| 40223 | $282,000 | 0.20% | $625 | 417 | 34 | 8.93 |
| 40211 | $50,000 | 3.10% | $1,500 | 180 | 52 | 2.33 |
Methodology
In order to identify which markets performed the best, we carefully ranked each zip code in Jefferson County and also each county that borders Jefferson County. We also only used areas that had at least 100 units sold or more. To do this we calculated multiple statistics and graded them on a point scale to determine the overall health of the market in that area. Some of the statistics that we reviewed were; Median Sale Price growth by percentage, Median Sale Price growth by dollar amount, Average days on market compared to the overall average for the Louisville Market and Number of units sold compared to the previous year.
Source data: Greater Louisville Association of Realtors (GLAR) Multiple Listing Service. Information is deemed reliable but not guaranteed and is presented for informational purposes only. *Not Enough Data: Less than 100 Units Sold.