Market Intelligence · KY / Louisville

Louisville, KY 40229 Housing Market

Homes in Louisville, KY 40229 have a typical value of $252,363, up 1.0% over the past year. The median list price sits at $301,225, with homes averaging 35 days on market as of September 2026.

Updated September 2026Median value$252K

The median home value in Louisville, KY 40229 is $252K as of September 2026, up 1.0% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 40229 range

$232K to $273K

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

+1.0% over 12 months

Sep 2025$250K

Low $250KHigh $253K

Sep 2026$252K

The numbers

What is the 40229 housing market like?

As of September 2026

Typical home value

$252K

1.0%YoY

Median list price

$301K

1.2%MoM

Days on market

16.7%MoM

Homes for sale

119

14.4%MoM

Price cuts

27.1%

4.4%MoM

New listings

17.6%MoM

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

The outlook

40229 housing market forecast 2027

+1.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 40229 to rise 1.8% by September 2027.

Over the 12 months through September 2026, typical home values in 40229 rose 1.0%, per the Zillow Home Value Index.

Will home prices drop in 40229?

Zillow's forecast does not call for a drop: it expects typical home values in 40229 to rise 1.8% by September 2027, after a 1.0% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 40229 home prices compare?

40229$252,363
Louisville$252,363
Kentucky$168,346
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Louisville: 31 ZIPs; Kentucky: 598 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, there are 119 homes for sale in 40229, with 56 new listings added recently. The median days on market of 35 suggests a moderate pace of sales activity. However, 27.1% of listings have already taken a price cut, which indicates some sellers are adjusting expectations. Despite the typical home value climbing modestly over the year, the prevalence of price cuts suggests caution for those considering a sale.

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Common questions

What people ask us.

What is the typical home value in 40229?

The typical home value in 40229 is $252,363, up 1.0% over the past year as of September 2026.

How long do homes take to sell in 40229?

The median days on market in 40229 is 35 days as of September 2026.

How many homes are currently for sale in 40229?

There are 119 homes for sale in 40229 as of September 2026, with 56 new listings added recently.

Discover

Nearby ZIP markets.

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