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Belknap Bonnycastle Bowman Cherokee Seneca Deer Park Gardiner Lane Hawthorne Hayfield Dundee Highlands Douglass

LOUISVILLE, KY 40205

Real Estate Market Report
Buyer's Market
September 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 40205

Belknap · Bonnycastle · Bowman · Cherokee Seneca · Deer Park · Gardiner Lane · Hawthorne · Hayfield Dundee · Highlands Douglass

Market Analysis

Data as of September 2026. Source: Realtor.com.

The LOUISVILLE, KY real estate market (40205) currently shows 106 active listings, with 31 pending sales. Homes are averaging 37 days on the market before going under contract.

Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 37 days on market compared to 34 days last year.

The median listing price has fallen 18.3% year-over-year, from $428,500 to $349,950.

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Market Context

Market Context

Population: 24,890  ·  Density: 1,395.4/mi²  ·  Median household income: $94,253

Typical home value: $340,595  ·  Homeownership: 74.9%

Market Overview

Active Listings
106
⇧ 11.6% vs 95 last year
Pending
31
29% pending ratio
Median Price
$349,950
⇩ 18.3% vs $428,500 last year
Average Price
$519,423
⇩ 9.1% vs $571,436 last year
Days on Market
37
⇧ 8.8% vs 34 days last year

Price Per Square Foot

Median $/sqft
$206
⇩ 1% vs $208/sqft last year
Median Home Size
1,676 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 106 this year vs 95 last year
  • Days on market: 37 now vs 34 last year

Median & Average Pricing

Year over Year
  • Median: $349,950 (-18.3% YoY)
  • Average: $519,423 (-9.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 8.0 miles — 1,016 listings ($334,441,058 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
40205Louisville, KY 402050.0 mi71$30,459,000$346,250$429,000
40206Louisville, KY 402062.6 mi68$19,067,200$250,188$280,400
40217Louisville, KY 402173.0 mi46$12,284,576$269,875$267,056
40220Louisville, KY 402203.6 mi90$26,090,910$284,450$289,899
40209Louisville, KY 402094.2 mi2$281,500$140,750$140,750
40208Louisville, KY 402084.5 mi37$8,774,402$176,400$237,146
40222Louisville, KY 402224.8 mi59$31,498,566$408,450$533,874
40025Glenview, KY 400255.7 mi1$4,795,000$4,795,000$4,795,000
40215Louisville, KY 402156.0 mi83$13,930,388$161,150$167,836
40228Louisville, KY 402286.5 mi63$19,425,042$311,000$308,334
40214Louisville, KY 402147.4 mi126$35,674,884$266,250$283,134
47130Jeffersonville, IN 471307.8 mi290$98,621,750$298,925$340,075
40241Louisville, KY 402418.0 mi80$33,537,840$381,950$419,223

Frequently Asked Questions

How many homes are for sale in LOUISVILLE, KY 40205?

As of September 2026, there are 106 active listings in LOUISVILLE, KY (zip code 40205), compared to 95 the prior year.

What is the median home price in LOUISVILLE, KY 40205?

The median listing price in LOUISVILLE, KY 40205 is $349,950 as of September 2026, a 18.3% decrease from $428,500 the prior year.

How long do homes stay on the market in LOUISVILLE, KY?

Homes in LOUISVILLE, KY 40205 spend an average of 37 days on the market before going under contract, compared to 34 days the prior year.

Is it a seller's or buyer's market in LOUISVILLE, KY 40205?

Based on current inventory and days-on-market data as of September 2026, LOUISVILLE, KY 40205 is currently a Buyer's Market. Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 37 days on market compared to 34 days last year.

How much can I save on real estate commission in LOUISVILLE, KY?

With SELL123.com's maximum 3% commission, sellers in LOUISVILLE, KY 40205 save an estimated $6,999 compared to a typical 5% commission on the median listing price of $349,950. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.