Market Intelligence · KY / Louisville

Louisville, KY 40241 Housing Market

Homes in Louisville 40241 have a typical value of $414,590, up 1.8% over the past year. The median list price sits at $392,500, with homes spending a median of 41 days on the market as of September 2026.

Updated September 2026Median value$415K

The median home value in Louisville, KY 40241 is $415K as of September 2026, up 1.8% 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 40241 range

$381K to $448K

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

+1.8% over 12 months

Sep 2025$407K

Low $407KHigh $415K

Sep 2026$415K

The numbers

What is the 40241 housing market like?

As of September 2026

Typical home value

$415K

1.8%YoY

Median list price

$393K

0.0%MoM

Days on market

28.1%MoM

Homes for sale

0.0%MoM

Price cuts

22.6%

33.1%MoM

New listings

16.7%MoM

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

The outlook

40241 housing market forecast 2027

+1.9%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 40241 to rise 1.9% by September 2027.

Over the 12 months through September 2026, typical home values in 40241 rose 1.8%, per the Zillow Home Value Index.

Will home prices drop in 40241?

Zillow's forecast does not call for a drop: it expects typical home values in 40241 to rise 1.9% by September 2027, after a 1.8% 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 40241 home prices compare?

40241$414,590
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

The 40241 ZIP has 55 homes for sale and 30 new listings as of September 2026. At a median of 41 days on market, homes are taking time to sell. Nearly one in four listings, or 22.6%, have seen a price cut. The typical home value of $414,590 is up 1.8% year-over-year, suggesting underlying strength despite the slower pace. Sellers should expect this market to reward realistic pricing and patience.

Monthly payment

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Down payment20% · $82,918

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Common questions

What people ask us.

What is the typical home value in 40241?

The typical home value in 40241 is $414,590, up 1.8% over the past year.

How many homes are for sale in 40241?

As of September 2026, there are 55 homes for sale in 40241.

How long do homes typically stay on the market in 40241?

The median time on market is 41 days as of September 2026.

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