April 2022 | Louisville Real Estate

MARCH 2022 VS MARCH 2021

11.4%

AVERAGE

SALES PRICE

2022  $281,095

vs 2021  $252,378

-6.3%

HOMES SOLD

2022  1,457

vs 2021  1,555

-14.3%

AVERAGE

DAYS ON MARKET

2022  24

vs 2021  28

-11.4%

ACTIVE LISTINGS

2022  1,313

vs 2021  1,482

Louisville’s home sales declined for the sixth consecutive month due to persisting low supply and rising interest rates. Total existing-home sales, including single-family homes, condominiums, and townhomes, decreased 6.3% from 1,555 in March 2021 to 1,457 in March 2022. Record low inventory continues to drive home price growth. The average home sale price was $281,095, up 11.38% from $252,378. In March, the Greater Louisville market again had under one month (0.79) of supply. A balanced real estate market offers between three and six months of supply.

Source: GLAR, Single Family Residential & Condo; All Areas

WHAT YOU GET IN LOUISVILLE

A look at how much (or little) house you get for your money in three different Louisville zip codes

40204

1527 GODDARD AVENUE

BEDROOMS  5

BATHROOMS  2

SQUARE FEET  1,974

SOLD FOR  $345,000

PPSF  $174.77

40299

4101 SAMOSET COURT

BEDROOMS  4

BATHROOMS  2.5

SQUARE FEET  2,312

SOLD FOR  $360,000

PPSF  $155.71

40205

2204 MANCHESTER ROAD

BEDROOMS  4

BATHROOMS  3

SQUARE FEET  2,556

SOLD FOR  $375,000

PPSF  $143.71