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March 2022 | Louisville Real Estate

Posted by Chelsea Collard on Monday, March 21, 2022 at 12:23 PM By Chelsea Collard / March 21, 2022 Comment

February Stats | Following a record-breaking sales year in 2021, home sales in Greater Louisville declined for the fifth consecutive month due to extremely low supply and rising interest rates, according to the Greater Louisville Association of Realtors® (GLAR). Total existing-home sales, including single-family homes, condominiums, and townhomes, decreased 9.06% from 1,192 in February 2021 to 1,084 in February 2022. The median home sale price in February was up 12.02%. The average home sale price was $282,755, up 14.95% from $245,978.

January

FEBRUARY 2022 VS FEBRUARY 2021

15%

AVERAGE

SALES PRICE

2022 $284,755

vs 2021 $245,978

-9%

HOMES SOLD

2022 1,084

vs 2021 1,192

3.3%

AVERAGE

DAYS ON MARKET

2022 30

vs 2021 29

-10.5%

ACTIVE LISTINGS

2022 1,400

vs 2021 1,565

Following a record-breaking sales year in 2021, home sales in Greater Louisville declined for the fifth consecutive month due to extremely low supply and rising interest rates, according to the Greater Louisville Association of Realtors® (GLAR). Total existing-home sales, including single-family homes, condominiums, and townhomes, decreased 9.06% from 1,192 in February 2021 to 1,084 in February 2022. The median home sale price in February was up 12.02%. The average home sale price was $282,755, up 14.95% from $245,978.

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

$700,000 - $780,000

40059

Home 1

12024 CHARLOCK COURT

BEDROOMS 4

BATHROOMS 3 full 2 half

SQUARE FEET 3,816

SOLD FOR $710,000

PPSF $186.06

40204

Home 3

1220 SUMMIT AVENUE

BEDROOMS 3

BATHROOMS 2

SQUARE FEET 3,959

SOLD FOR $720,000

PPSF $181.86

40207

Home 3

4111 ORMOND ROAD

BEDROOMS 5

BATHROOMS 3.5

SQUARE FEET 2,379

SOLD FOR $742,600

PPSF $312.15

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