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Belknap Bonnycastle Bowman Cherokee Seneca Deer Park Gardiner Lane Hawthorne Hayfield Dundee Highlands Douglass

LOUISVILLE, KY 40205

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

Neighborhoods in ZIP 40205

Belknap · Bonnycastle · Bowman · Cherokee Seneca · Deer Park · Gardiner Lane · Hawthorne · Hayfield Dundee · Highlands Douglass

Market Analysis

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

The LOUISVILLE, KY real estate market (40205) currently shows 71 active listings, with 24 pending sales. Homes are averaging 41 days on the market before going under contract.

Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 41 days on market compared to 35 days last year.

The median listing price has fallen 16% year-over-year, from $412,250 to $346,250.

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: 24,890  ·  Density: 1,395.4/mi²  ·  Median household income: $94,253

Typical home value: $340,595  ·  Homeownership: 74.9%

Market Overview

Active Listings
71
⇧ 14.5% vs 62 last year
Pending
24
34% pending ratio
Median Price
$346,250
⇩ 16% vs $412,250 last year
Average Price
$429,000
⇩ 19.6% vs $533,491 last year
Days on Market
41
⇧ 17.1% vs 35 days last year

Price Per Square Foot

Median $/sqft
$194
⇩ 8.9% vs $213/sqft last year
Median Home Size
1,761 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 71 this year vs 62 last year
  • Days on market: 41 now vs 35 last year

Median & Average Pricing

Year over Year
  • Median: $346,250 (-16% YoY)
  • Average: $429,000 (-19.6% 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
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 8.0 miles — 982 listings ($331,109,167 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
40205Louisville, KY 402050.0 mi74$33,325,234$350,000$450,341
40206Louisville, KY 402062.6 mi64$19,413,312$275,000$303,333
40217Louisville, KY 402173.0 mi54$14,430,906$267,000$267,239
40220Louisville, KY 402203.6 mi88$25,602,016$284,900$290,932
40209Louisville, KY 402094.2 mi3$549,000$183,000$183,000
40208Louisville, KY 402084.5 mi38$11,828,868$184,225$311,286
40222Louisville, KY 402224.8 mi57$31,555,257$427,000$553,601
40025Glenview, KY 400255.7 mi1$4,795,000$4,795,000$4,795,000
40215Louisville, KY 402156.0 mi71$11,734,738$164,900$165,278
40228Louisville, KY 402286.5 mi61$18,420,841$305,000$301,981
40214Louisville, KY 402147.4 mi119$32,397,631$256,000$272,249
47130Jeffersonville, IN 471307.8 mi282$95,807,244$298,900$339,742
40241Louisville, KY 402418.0 mi70$31,249,120$399,950$446,416

Frequently Asked Questions

How many homes are for sale in LOUISVILLE, KY 40205?

As of February 2026, there are 71 active listings in LOUISVILLE, KY (zip code 40205), compared to 62 the prior year.

What is the median home price in LOUISVILLE, KY 40205?

The median listing price in LOUISVILLE, KY 40205 is $346,250 as of February 2026, a 16% decrease from $412,250 the prior year.

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

Homes in LOUISVILLE, KY 40205 spend an average of 41 days on the market before going under contract, compared to 35 days the prior year.

Is it a seller's or buyer's market in LOUISVILLE, KY 40205?

Based on current inventory and days-on-market data as of February 2026, LOUISVILLE, KY 40205 is currently a Buyer's Market. Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 41 days on market compared to 35 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 40205 save an estimated $6,925 compared to a typical 5% commission on the median listing price of $346,250. 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.