How Fast Are Homes Selling in My Area

Photo of people exchanging home keys.
Homes are selling extremely fast in our current market.

So, you want to know how fast are homes selling in my area? Well, if you live here in Louisville, KY I can tell you. Otherwise, you’ll have to continue searching my friend.

Even better, I will give you more! I won’t just give you an easy-to-find, city wide metric. Nor will I used generalized terms like “blazingly fast” but instead, I’ll give you the up-to-the-minute raw data. Yeah, I’m pretty much a data nerd. 😉

But since I’m a nice nerd, I’ll give you this information first, for free. Secondly, I’ll also give it to you in picture form and then also the raw data. I aim to please.

So let’s go!

How Fast Are Homes Selling in My Area

Here’s that chart I promised. Each circle represents a Louisville ZIP code. The larger the circle, the larger the geographic area of that ZIP. Nifty, eh?

Map of Louisville Days on Market Heat Map CDoM by ZIP Code - April 2017
Isn’t this map great?! Those are the average number of days it took to sell homes in each ZIP. Our market has never been this fast! (Well, maybe not never but as far back as any records I can find.)

As you can tell from the heatmap, there are only a few ZIP codes in all of Louisville where home sales are slow. But there are a lot where homes are flying off the shelves!

For example, check out 40217. This area is located due east of the University of Louisville, inside the Watterson Expressway and south of Germantown. These inexpensive homes, when available, are selling on average in just 10 days. That’s ridiculous really. Can you say, “hot market”?

How about 40056? This highly sought after area is called Pewee Valley. It’s just across the line in Oldham County. Homes aren’t nearly as affordable but that isn’t stopping buyers. This ZIP averages just 11 days in April 2017.

If you have a home in these hot areas, now is the time to sell.

Louisville Days on Market by ZIP Code

Now for all you number crunchers, here’s the raw data. I also kept last April’s value in there for comparison. Most areas sped up but a few slowed a bit.

ZIP Code April 2017 April 2016
40014 52 112
40023 73 51
40025 0 0
40056 11 47
40059 96 126
40118 52 63
40202 118 94
40203 18 39
40204 70 39
40205 41 60
40206 56 107
40207 49 71
40208 44 136
40210 169 209
40211 87 108
40212 155 101
40213 52 81
40214 52 103
40215 77 68
40216 85 102
40217 10 64
40218 60 63
40219 23 61
40220 15 63
40222 66 96
40223 37 95
40228 20 47
40229 41 47
40241 44 58
40242 34 40
40243 39 26
40245 89 117
40258 43 52
40272 71 79
40291 23 96
40299 36 71

So there you have it. Our Louisville real estate market is piping hot!

If you want more specific info regarding “How Fast Are Homes Selling in My Area” for example, your neighborhood, please contact me and I’ll get that for you. I’m always happy to help!