Louisville, KY Foreclosures
How much do homes sell for in Louisville, KY?
The average home price is currently $341,658.
In Louisville, KY, how many homes are available?
There are currently 3,445 active home listings available in Louisville.
What’s the average rental cost in Louisville, KY?
The average rental price in Louisville is $1,283.
What is the most expensive home in Louisville?
The most expensive home sold in Louisville had a price of $128,576,492.
What is currently the cheapest priced home in Louisville, KY?
The cheapest home for sale in Louisville is priced at $10,017.
Living in Louisville, KY
Louisville, KY is a bustling city steeped in history and culture, famously known for the Kentucky Derby and its vibrant arts scene. The city offers a diverse array of dining options, parks, and educational institutions, making it a desirable place to live. With its growing economy and strong community vibe, Louisville caters to families, young professionals, and retirees alike.
Current Market Conditions in Louisville, KY
The real estate market in Louisville has shown steady growth over the past few years, with increasing demand for homes in various neighborhoods. The city offers a wide range of housing options, from historic homes to new constructions, catering to all types of buyers. With the job market expanding and more people relocating to the area, the market conditions are favorable for sellers looking to list their properties at competitive prices.
Interest rates have remained relatively low, allowing more buyers to enter the market, while inventory levels are tightening, leading to a more competitive atmosphere in certain neighborhoods. The average home prices have risen, reflecting the demand but still remain affordable compared to national averages.
Home Value Estimator For Louisville, KY
There are currently 269,109 real estate properties
in Louisville, KY,
with a median automated valuation model (AVM) price
of $251,343.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Louisville, KY, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Louisville, KY,
is $341,658.00, with the most expensive house
in Louisville, KY, topping out
at $128,576,492.00 and the cheapest home
in Louisville, KY,
clocking in at $10,017.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Louisville, KY!
Rent Prices
In Louisville, KY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Louisville, KY, is on
a rollercoaster ride. The
average rent price in Louisville, KY,
is $1,283.00. Indeed, when looking to rent in
Louisville, KY, you can expect to pay as little
as $460.00 or as much
as $3,780.00,
with the average rent median estimated to
be $1,180.00. The good news is that finding
an affordable and desirable property to rent in Louisville, KY
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
