Welcome to our Louisville Real Estate Update! This monthly post includes Louisville home sales and Louisville home price data divided up by our Greater Louisville Association of Realtors (GLAR) MLS areas. Just click on the map to see a larger version of which parts of Louisville each MLS contains.
The biggest winners in this month’s real estate update for Louisville, Kentucky are Area 3 (St. Matthews) and Area 6 (Okolona). Both saw great gains, especially in home sales. Most of the other MLS areas also saw increased home sale prices.
Home sales have settled down for the most part, as January isn’t a very busy month for real estate, but St. Matthews and Oldham County both saw positive gains over the previous year.
The biggest loser is South Oldham’s home sale prices that have dipped significantly for the past four months. All in all, it was a solid month and a good start to the new year.
Louisville Real Estate Update (period ending January 2016)
Not the best month for our Highlands MLS area as both metrics trailed off a bit. It’s not surprising to see prices dip during the “off season” but monthly home sales have been lower than the previous year for the past 4 months straight.
Another great month of St. Matthews real estate, which of course includes all the surrounding areas located within MLS area 3. Home sale prices remain high, much higher than one year ago, and sales continue to boom!
Our Okolona area is performing quite well for the month of January. Check out the price trend that is really pushing higher. Home sales beat the previous year for the second straight month.
Home sales in Jeffersontown were almost exactly the same this January as they were last. But the real story is how prices, pretty much across the city, but certainly here in Area 7 continue to push higher and higher. The median sale price of $171,950 is the highest on record.
Home sales in the Middletown MLS area continue to march along steadily surpassing the previous year. Like many of these Louisville real estate updates, the fact that sale prices are not adjusting lower for seasonality is the real story.
Home prices in Prospect are doing quite well, even though January saw a solid drop from December. But after 3 months of surpassing the previous year’s home sales number, January came up just shy.
Prices remain quite flat for home sales in North Oldham. On the plus side, home sales are much higher than one year ago.
Crazy couple of months for South Oldham real estate with prices free-falling for the 4th straight month. Sales are up, then they’re down and now they’re back up! Keep in the mind the much smaller sample size.
Our other Louisville real estate update reports for the remaining MLS areas are updated each quarter. The following were completed through Q4 of 2015.
- Area 0: Central Downtown District, Old Louisville Homes
- Area 1: Downtown, Old Louisville, West Louisville Homes
- Area 4: Pleasure Ridge, Valley Station, Shively Homes
- Area 5: Auburndale, Fairdale, Iroquois Park, Shively Homes
- Area 11: Bullitt County Homes
- Area 19: Spencer County Homes
- Area 30: Shelby County Homes