Louisville, Kentucky started 2024 with a total of 896 single-family homes on the market, with a median home price of $280,000 and an average price per square foot of $165.08. By the end of the year, inventory had increased to 1,080 homes on the market (+21%), with a median home price of $285,000 (+2%), and an average price per square foot of $168 (+2%).
At the start of 2024, the median days on market (DOM) was 56 days – by the end of the year, median DOM had decreased to 56 days.
Louisville, Kentucky started the year with 44.75% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 49.44% of homes for sale had taken a price cut.
