Is Louisville, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Louisville has remained a Seller's Market.
Housing Prices in Louisville, OH
How much do homes in Louisville, OH cost?
Median Sold Price
$225,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Louisville was $225,000 in April 2024, up 18.4% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $157.4K | $166K | +5.4% |
3 Bedrooms | $189.9K | $224.5K | +18.2% |
4 Bedrooms | $206K | $243.9K | +18.4% |
5+ Bedrooms | $195K | $425K | +117.9% |
Summary: Louisville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes increased by 117.9%.
Median Sold Price Compared To Nearby Cities
Nimishillen Township | $182K | $225K | +23.6% |
Louisville | $190K | $225K | +18.4% |
Housing Supply in Louisville, OH
How many homes are available in Louisville, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
56 | 53 | -5.4% |
Summary: The Louisville real estate market had 53 homes for sale in April 2024, a 5.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 6 | -25.0% |
3 Bedrooms | 35 | 37 | +5.7% |
4 Bedrooms | 12 | 10 | -16.7% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Louisville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 21 | -12.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Louisville in April 2024, down by 12.5% month-over-month. Of the 21 sold homes, 33% were sold under asking, 24% were sold at asking, and 43% were sold over asking.
Days on Market for Louisville, OH
How long does it take to sell a home in Louisville, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 29 Days | +51.2% |
Summary: Homes in Louisville had an average of 29 days on market in Apr 2024, up by 51.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 21 homes were sold in Louisville; 52% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.