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LOUISVILLE, KY 40242

Real Estate Market Report  ·  Jefferson County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
33
⇧ 94.1% vs 17 last year
Pending
21
64% pending ratio
Median Price
$304,339
⇩ 3.7% vs $315,975 last year
Average Price
$313,633
⇩ 6.6% vs $335,921 last year
Days on Market
54
⇧ 38.5% vs 39 days last year

Market Context

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

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

Market Analysis

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

The LOUISVILLE, KY real estate market (40242) currently shows 33 active listings, with 21 pending sales. Homes are averaging 54 days on the market before going under contract.

Inventory has increased compared to last year, with 16 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 54 days on market compared to 39 days last year.

The median listing price has fallen 3.7% year-over-year, from $315,975 to $304,339.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 33 this year vs 17 last year
  • Days on market: 54 now vs 39 last year

Median & Average Pricing

Year over Year
  • Median: $304,339 (-3.7% YoY)
  • Average: $313,633 (-6.6% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 10.0 miles — 1,018 listings ($506,561,239 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
40242Louisville, KY 402420.0 mi33$10,349,889$304,339$313,633
40241Louisville, KY 402412.0 mi70$31,249,120$399,950$446,416
40207Louisville, KY 402073.6 mi96$56,183,040$472,500$585,240
40243Louisville, KY 402434.1 mi31$11,311,900$369,900$364,900
40059Prospect, KY 400595.6 mi123$149,913,876$879,950$1,218,812
40206Louisville, KY 402066.2 mi64$19,413,312$275,000$303,333
40218Louisville, KY 402187.0 mi84$18,620,196$230,000$221,669
40245Louisville, KY 402457.5 mi133$83,339,795$589,900$626,615
40299Louisville, KY 402998.8 mi152$64,687,248$340,000$425,574
40217Louisville, KY 402179.0 mi54$14,430,906$267,000$267,239
40203Louisville, KY 402039.7 mi59$14,209,324$200,000$240,836
40228Louisville, KY 402289.7 mi61$18,420,841$305,000$301,981
47129Clarksville, IN 4712910.0 mi58$14,431,792$227,900$248,824

Frequently Asked Questions

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

As of January 2026, there are 33 active listings in LOUISVILLE, KY (zip code 40242), compared to 17 the prior year.

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

The median listing price in LOUISVILLE, KY 40242 is $304,339 as of January 2026, a 3.7% decrease from $315,975 the prior year.

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

Homes in LOUISVILLE, KY 40242 spend an average of 54 days on the market before going under contract, compared to 39 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 January 2026, LOUISVILLE, KY 40242 is currently a Buyer's Market. Inventory has increased compared to last year, with 16 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 54 days on market compared to 39 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 $6,087 compared to a typical 5% commission on the median listing price of $304,339. 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.