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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).

 

Louisville heat map legend (real estate)

 

40203 40204 40205 40206 40207 40208 40210 40211 40212 40213 40214 40215 40216 40217 40218 40219 40220 40222 40223 40228 40229 40241 40242 40243 40245 40258 40272 40291 40299 40023 40059 40118 BULLITT COUNTY SPENCER COUNTY OLDHAM COUNTY SHELBY COUNTY 264 64 65 71 64 265 65

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 over 12-month period.

 

iPhone User: Double-tap area for stats 

 

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.

View homes for sale in 40023

 

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.

View homes for sale in 40203

 

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.

View homes for sale in 40204

 

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.

View homes for sale in Spencer County

 

 

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.

View homes for sale in 40243

 

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.

View homes for sale in 40291

 

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.

View homes for sale in 40207

 

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.

View homes for sale in 40299

 

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.

View homes for sale in 40212

 

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.

View homes for sale in 40118

 

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.