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LOUISVILLE, KY 40204

Real Estate Market Report
Seller's Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 40204

Cherokee Seneca · Cherokee Triangle · Germantown · Irish Hill · Jackson-Smoketown (Smoketown) · Paristown Pointe · Phoenix Hill · Shelby Park · The Highlands (Highlands) · Tyler Park

Market Analysis

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

The LOUISVILLE, KY real estate market (40204) currently shows 55 active listings, with 18 pending sales. Homes are averaging 40 days on the market before going under contract.

Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 40 days on market compared to 47 days last year.

The median listing price has fallen 11.3% year-over-year, from $349,500 to $309,925.

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: 14,362  ·  Density: 1,747.2/mi²  ·  Median household income: $65,457

Typical home value: $292,838  ·  Homeownership: 49.5%

Market Overview

Active Listings
55
⇩ 6.8% vs 59 last year
Pending
18
33% pending ratio
Median Price
$309,925
⇩ 11.3% vs $349,500 last year
Average Price
$395,407
⇩ 12.5% vs $452,081 last year
Days on Market
40
⇩ 14.9% vs 47 days last year

Price Per Square Foot

Median $/sqft
$215
⇩ 4.9% vs $226/sqft last year
Median Home Size
1,432 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 55 this year vs 59 last year
  • Days on market: 40 now vs 47 last year

Median & Average Pricing

Year over Year
  • Median: $309,925 (-11.3% YoY)
  • Average: $395,407 (-12.5% 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 7.7 miles — 966 listings ($277,505,247 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
40204Louisville, KY 402040.0 mi53$20,347,177$309,400$383,909
40217Louisville, KY 402171.8 mi54$14,430,906$267,000$267,239
40205Louisville, KY 402052.3 mi74$33,325,234$350,000$450,341
40208Louisville, KY 402082.9 mi38$11,828,868$184,225$311,286
40209Louisville, KY 402093.9 mi3$549,000$183,000$183,000
40213Louisville, KY 402134.3 mi37$9,372,618$256,950$253,314
40215Louisville, KY 402154.8 mi71$11,734,738$164,900$165,278
40211Louisville, KY 402115.5 mi86$12,347,966$136,000$143,581
47129Clarksville, IN 471295.8 mi58$14,431,792$227,900$248,824
40222Louisville, KY 402226.2 mi57$31,555,257$427,000$553,601
40214Louisville, KY 402146.9 mi119$32,397,631$256,000$272,249
40216Louisville, KY 402167.3 mi130$32,072,690$240,000$246,713
47150New Albany, IN 471507.7 mi186$53,111,370$249,950$285,545

Frequently Asked Questions

How many homes are for sale in LOUISVILLE, KY 40204?

As of February 2026, there are 55 active listings in LOUISVILLE, KY (zip code 40204), compared to 59 the prior year.

What is the median home price in LOUISVILLE, KY 40204?

The median listing price in LOUISVILLE, KY 40204 is $309,925 as of February 2026, a 11.3% decrease from $349,500 the prior year.

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

Homes in LOUISVILLE, KY 40204 spend an average of 40 days on the market before going under contract, compared to 47 days the prior year.

Is it a seller's or buyer's market in LOUISVILLE, KY 40204?

Based on current inventory and days-on-market data as of February 2026, LOUISVILLE, KY 40204 is currently a Seller's Market. Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 40 days on market compared to 47 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 40204 save an estimated $6,199 compared to a typical 5% commission on the median listing price of $309,925. 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.