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LOUISVILLE, KY 40223

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

Market Analysis

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

The LOUISVILLE, KY real estate market (40223) currently shows 64 active listings, with 27 pending sales. Homes are averaging 29 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 29 days on market compared to 24 days last year.

The median listing price has fallen 9.7% year-over-year, from $442,250 to $399,225.

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.

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Market Context

Market Context

Population: 23,477  ·  Density: 751.9/mi²  ·  Median household income: $93,498

Typical home value: $329,231  ·  Homeownership: 72.9%

Market Overview

Active Listings
64
⇧ 1.6% vs 63 last year
Pending
27
42% pending ratio
Median Price
$399,225
⇩ 9.7% vs $442,250 last year
Average Price
$416,916
⇩ 24% vs $548,672 last year
Days on Market
29
⇧ 20.8% vs 24 days last year

Price Per Square Foot

Median $/sqft
$181
⇧ 3.4% vs $175/sqft last year
Median Home Size
1,956 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 64 this year vs 63 last year
  • Days on market: 29 now vs 24 last year

Median & Average Pricing

Year over Year
  • Median: $399,225 (-9.7% YoY)
  • Average: $416,916 (-24% 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 11.0 miles — 1,164 listings ($505,384,675 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
40223Louisville, KY 402230.0 mi52$22,090,536$378,650$424,818
40242Louisville, KY 402422.8 mi26$8,408,166$306,675$323,391
40222Louisville, KY 402223.7 mi59$31,498,566$408,450$533,874
40245Louisville, KY 402454.9 mi126$78,897,546$586,850$626,171
40207Louisville, KY 402076.1 mi87$50,090,337$457,500$575,751
40299Louisville, KY 402997.0 mi156$64,069,980$344,950$410,705
40218Louisville, KY 402187.9 mi88$19,250,264$227,625$218,753
40014Crestwood, KY 400148.2 mi63$39,889,395$527,425$633,165
40010Buckner, KY 400109.0 mi1$641,900$641,900$641,900
40291Louisville, KY 402919.5 mi163$70,537,272$370,051$432,744
47130Jeffersonville, IN 471309.8 mi290$98,621,750$298,925$340,075
40067Simpsonville, KY 4006710.0 mi20$12,866,680$433,700$643,334
40213Louisville, KY 4021311.0 mi33$8,522,283$244,450$258,251

Frequently Asked Questions

How many homes are for sale in LOUISVILLE, KY 40223?

As of March 2026, there are 64 active listings in LOUISVILLE, KY (zip code 40223), compared to 63 the prior year.

What is the median home price in LOUISVILLE, KY 40223?

The median listing price in LOUISVILLE, KY 40223 is $399,225 as of March 2026, a 9.7% decrease from $442,250 the prior year.

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

Homes in LOUISVILLE, KY 40223 spend an average of 29 days on the market before going under contract, compared to 24 days the prior year.

Is it a seller's or buyer's market in LOUISVILLE, KY 40223?

Based on current inventory and days-on-market data as of March 2026, LOUISVILLE, KY 40223 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 29 days on market compared to 24 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 40223 save an estimated $7,985 compared to a typical 5% commission on the median listing price of $399,225. 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.