Call or Text (240) SELL-123
Brownsboro Zorn Butchertown Cherokee Gardens Clifton Clifton Heights Crescent Hill Irish Hill Rockcreek Lexington Road

LOUISVILLE, KY 40206

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 40206

Brownsboro Zorn · Butchertown · Cherokee Gardens · Clifton · Clifton Heights · Crescent Hill · Irish Hill · Rockcreek Lexington Road

Market Analysis

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

The LOUISVILLE, KY real estate market (40206) currently shows 98 active listings, with 34 pending sales. Homes are averaging 30 days on the market before going under contract.

Inventory has increased compared to last year, with 47 more homes available — giving buyers more choice.

Homes are selling faster, averaging 30 days on market compared to 32 days last year.

The median listing price has fallen 16.9% year-over-year, from $299,000 to $248,500.

Whether you are buying or selling in LOUISVILLE, KY, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for LOUISVILLE, KY 40206 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 20,315  ·  Density: 1,342.5/mi²  ·  Median household income: $69,241

Typical home value: $260,993  ·  Homeownership: 52.8%

Market Overview

Active Listings
98
⇧ 92.2% vs 51 last year
Pending
34
35% pending ratio
Median Price
$248,500
⇩ 16.9% vs $299,000 last year
Average Price
$277,053
⇩ 23.8% vs $363,695 last year
Days on Market
30
⇩ 6.3% vs 32 days last year

Price Per Square Foot

Median $/sqft
$201
⇩ 0.5% vs $202/sqft last year
Median Home Size
1,127 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 98 this year vs 51 last year
  • Days on market: 30 now vs 32 last year

Median & Average Pricing

Year over Year
  • Median: $248,500 (-16.9% YoY)
  • Average: $277,053 (-23.8% 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 8.6 miles — 916 listings ($285,506,850 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
40206Louisville, KY 402060.0 mi68$19,067,200$250,188$280,400
40207Louisville, KY 402072.6 mi87$50,090,337$457,500$575,751
40202Louisville, KY 402022.7 mi17$9,449,909$437,000$555,877
40203Louisville, KY 402033.5 mi67$15,578,036$188,000$232,508
40208Louisville, KY 402084.4 mi37$8,774,402$176,400$237,146
40222Louisville, KY 402224.9 mi59$31,498,566$408,450$533,874
47129Clarksville, IN 471295.3 mi58$14,511,252$236,700$250,194
40220Louisville, KY 402205.4 mi90$26,090,910$284,450$289,899
40209Louisville, KY 402095.5 mi2$281,500$140,750$140,750
40242Louisville, KY 402426.2 mi26$8,408,166$306,675$323,391
40211Louisville, KY 402116.7 mi86$12,444,286$138,625$144,701
47150New Albany, IN 471508.2 mi193$53,637,402$249,900$277,914
40214Louisville, KY 402148.6 mi126$35,674,884$266,250$283,134

Frequently Asked Questions

How many homes are for sale in LOUISVILLE, KY 40206?

As of March 2026, there are 98 active listings in LOUISVILLE, KY (zip code 40206), compared to 51 the prior year.

What is the median home price in LOUISVILLE, KY 40206?

The median listing price in LOUISVILLE, KY 40206 is $248,500 as of March 2026, a 16.9% decrease from $299,000 the prior year.

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

Homes in LOUISVILLE, KY 40206 spend an average of 30 days on the market before going under contract, compared to 32 days the prior year.

Is it a seller's or buyer's market in LOUISVILLE, KY 40206?

Based on current inventory and days-on-market data as of March 2026, LOUISVILLE, KY 40206 is currently a Balanced Market. Inventory has increased compared to last year, with 47 more homes available — giving buyers more choice. Homes are selling faster, averaging 30 days on market compared to 32 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 40206 save an estimated $4,970 compared to a typical 5% commission on the median listing price of $248,500. 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.