How much is a home in 40216 worth?

The typical home value in 40216 is $209,044, up 1.1% over the past year. The median list price is $227,000.

How fast are homes selling in 40216?

Homes spend a median of 39 days on the market. There are currently 112 homes for sale and 68 new listings.

Are sellers cutting prices in 40216?

Yes, 27.8% of listings have had a price cut. That suggests some sellers are adjusting to meet buyers where they are.

Market Intelligence · KY / Louisville

Louisville, KY 40216 Housing Market

The typical home in Louisville, KY 40216 is valued at $209,044, up 1.1% over the past year. The median list price is $227,000, and homes spend a median of 39 days on the market. There are 112 homes for sale.

Updated August 2026Median value$209K

The median home value in Louisville, KY 40216 is $209K as of August 2026, up 1.1% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 40216 range

$192K to $226K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+1.1% over 12 months

Aug 2025$207K

Low $206KHigh $210K

Aug 2026$209K

The numbers

What is the 40216 housing market like?

As of August 2026

Typical home value

$209K

1.1%YoY

Median list price

$227K

0.8%MoM

Days on market

5.4%MoM

Homes for sale

112

13.1%MoM

Price cuts

27.8%

11.4%MoM

New listings

25.9%MoM

Sources · Zillow ZHVI (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 40216 home prices compare?

40216$209,044
Louisville$252,406
Kentucky$169,896
United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Louisville: 31 ZIPs; Kentucky: 598 ZIPs; United States: 26,265 ZIPs).

Context

Homes in 40216 typically list at a median of $227,000 and sell in a median of 39 days, a pace that suggests buyers have some time to compare options. Inventory stands at 112 homes for sale, with 68 new listings adding fresh supply. Meanwhile, 27.8% of listings have taken a price cut, and typical values are up just 1.1% over the past year. For sellers, this points to a market where pricing realistically from the start matters more than testing the high end.

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