Consistent with activity nationwide, home sales in Greater Louisville declined for the seventh consecutive month due to persisting low supply and rising interest rates. Total existing-home sales, decreased 15.75% from 1,638 in April 2021 to 1,380 in April 2022. Record demand combined with extremely low supply continues to fuel price increases. The average home sale price was $300,502, up 17.54% from $255,652 in April 2021.
MAY
APRIL 2022 VS APRIL 2021
17.5%
AVERAGE
SALES PRICE
2022 $300,502
vs 2021$255,652
-15.8%
HOMES SOLD
2022 1,380
vs 20211,638
-10%
AVERAGE
DAYS ON MARKET
2022 18
vs 202120
-2.7%
ACTIVE LISTINGS
2022 1,497
vs 20211,539
Consistent with activity nationwide, home sales in Greater Louisville declined for the seventh consecutive month due to persisting low supply and rising interest rates. Total existing-home sales, decreased 15.75% from 1,638 in April 2021 to 1,380 in April 2022. Record demand combined with extremely low supply continues to fuel price increases. The average home sale price was $300,502, up 17.54% from $255,652 in April 2021.
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
$510,000 - $560,000
$510,000 - $560,000
40299
12112 CYPRESS RIDGE DRIVE
BEDROOMS 4
BATHROOMS 3
SQUARE FEET 1,868
SOLD FOR $512,000
PPSF $274.09
40206
3311 NATCHEZ LANE
BEDROOMS 4
BATHROOMS 4
SQUARE FEET 2,445
SOLD FOR $525,000
PPSF $214.72
40207
434 CLUB LANE
BEDROOMS 3
BATHROOMS 3
SQUARE FEET 2,581
SOLD FOR $554,700
PPSF $214.92
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