Call or Text (240) SELL-123

LOUISVILLE, KY 40242

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

Market Analysis

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

The LOUISVILLE, KY real estate market (40242) currently shows 33 active listings, with 19 pending sales. Homes are averaging 20 days on the market before going under contract.

Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice.

Homes are selling faster, averaging 20 days on market compared to 30 days last year.

The median listing price has fallen 12% year-over-year, from $389,000 to $342,500.

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 40242 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 11,544  ·  Density: 1,558.6/mi²  ·  Median household income: $78,994

Typical home value: $277,229  ·  Homeownership: 68.9%

Market Overview

Active Listings
33
⇧ 43.5% vs 23 last year
Pending
19
58% pending ratio
Median Price
$342,500
⇩ 12% vs $389,000 last year
Average Price
$347,639
⇩ 4.9% vs $365,427 last year
Days on Market
20
⇩ 33.3% vs 30 days last year

Price Per Square Foot

Median $/sqft
$176
⇩ 1.7% vs $179/sqft last year
Median Home Size
1,999 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 33 this year vs 23 last year
  • Days on market: 20 now vs 30 last year

Median & Average Pricing

Year over Year
  • Median: $342,500 (-12% YoY)
  • Average: $347,639 (-4.9% 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 10.0 miles — 1,024 listings ($507,344,702 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
40242Louisville, KY 402420.0 mi26$8,408,166$306,675$323,391
40241Louisville, KY 402412.0 mi80$33,537,840$381,950$419,223
40207Louisville, KY 402073.6 mi87$50,090,337$457,500$575,751
40243Louisville, KY 402434.1 mi32$11,413,888$381,250$356,684
40059Prospect, KY 400595.6 mi127$160,810,575$935,500$1,266,225
40206Louisville, KY 402066.2 mi68$19,067,200$250,188$280,400
40218Louisville, KY 402187.0 mi88$19,250,264$227,625$218,753
40245Louisville, KY 402457.5 mi126$78,897,546$586,850$626,171
40299Louisville, KY 402998.8 mi156$64,069,980$344,950$410,705
40217Louisville, KY 402179.0 mi46$12,284,576$269,875$267,056
40203Louisville, KY 402039.7 mi67$15,578,036$188,000$232,508
40228Louisville, KY 402289.7 mi63$19,425,042$311,000$308,334
47129Clarksville, IN 4712910.0 mi58$14,511,252$236,700$250,194

Frequently Asked Questions

How many homes are for sale in LOUISVILLE, KY 40242?

As of March 2026, there are 33 active listings in LOUISVILLE, KY (zip code 40242), compared to 23 the prior year.

What is the median home price in LOUISVILLE, KY 40242?

The median listing price in LOUISVILLE, KY 40242 is $342,500 as of March 2026, a 12% decrease from $389,000 the prior year.

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

Homes in LOUISVILLE, KY 40242 spend an average of 20 days on the market before going under contract, compared to 30 days the prior year.

Is it a seller's or buyer's market in LOUISVILLE, KY 40242?

Based on current inventory and days-on-market data as of March 2026, LOUISVILLE, KY 40242 is currently a Balanced Market. Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice. Homes are selling faster, averaging 20 days on market compared to 30 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 40242 save an estimated $6,850 compared to a typical 5% commission on the median listing price of $342,500. 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.