Market Intelligence · KY / Louisville

Louisville, KY 40242 Housing Market

In Louisville, KY 40242, the typical home value is $325,468, up 1.6% over the past year as of 2026-08-01. The median list price is $350,000, and homes have a median of 34 days on market. The figures describe steady values and measured listing activity.

Updated August 2026Median value$325K

The median home value in Louisville, KY 40242 is $325K as of August 2026, up 1.6% 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 40242 range

$299K to $352K

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

+1.6% over 12 months

Typical home value in 40242 over the last 12 months: $320K in Aug 2025 to $325K in Aug 2026 (+1.6%).

Aug 2025$320K

Aug 2026$325K

The numbers

What is the 40242 housing market like?

Typical home value

$325K

Up1.6%YoY

Median list price

$350K

Up8.5%MoM

Days on market

34

Up21.4%MoM

Homes for sale

14

Up7.7%MoM

Price cuts

15.7%

Up87.9%MoM

New listings

16

Flat0.0%MoM

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

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The comparison

How do 40242 home prices compare?

  • 40242$325,468
  • 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

Louisville, KY 40242 shows limited supply, with 14 homes for sale and 16 new listings as of 2026-08-01. The median list price is $350,000 while the typical home value is $325,468, up 1.6% over the past year. Homes are moving at a moderate pace, with a median of 34 days on market. Price reductions are present but not widespread, at 15.7% of listings. For a seller, pricing close to the local evidence matters more than testing the market.

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