Low inventory is helping homes move quickly and driving property prices up in Louisville, Kentucky.
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The number of active listings in Jefferson County, where Louisville is located, was down 37.48% as of Aug. 15, according to the Greater Louisville Association of Realtors.
Still, the number of homes sold in the county increased by 2.45% compared with August of 2019 to 1,255, and the median sale price increased 15.38% year-over-year to $225,000.
Louisville is best known for baseball bats and the bourbon and horse industries, but it’s also home to a number of major companies like GE Appliances and Yum! Brands, the parent of chains including KFC, Pizza Hut and Taco Bell.
Here’s a look at what you can get with a $650,000 budget in Louisville:
Rockcreek-Lexington Road - $649,000
This property is located on a quiet, park-like cul-de-sac.
The 3,351-square-foot home includes four bedrooms, three bathrooms and one half-bath, according to the listing with Cara King of Lenihan Sotheby’s International Realty.
The main floor of the 1923-built home features traditional style with tasteful modern updates and an easy flow between rooms. Upstairs, the master suite includes a walk-in closet and a spa-like bathroom.
The property includes a large backyard with a deck and lots of space to entertain.
Little Spring Farm - $640,000
This home is located in a subdivision with amenities including a pool, clubhouse and tennis courts.
The 4,877-square-foot home includes five bedrooms, three bedrooms and one half-bath, according to the listing with Bob Sokoler of The Sokoler Team.
Visitors enter the spacious home through 8-foot double doors that open into a large foyer. French doors lead to the formal dining room, and the great room features a fireplace and built-ins.
The large primary suite has enough space for a sitting area, and the bathroom includes a jetted tub, dual vanity and rain shower. The finished basement includes a lounge and a theater room. Outside, there’s a deck, patio and an in-ground pool.
Highlands - $639,000
This 1900-built home has been thoughtfully updated and still maintains many classic details.
The 3,418-square-foot residence includes four bedrooms, four bathrooms and one half-bath, according to the listing with Drew Martin of RE/MAX.
The all-brick house features a columned front porch with a swing and a stained glass front door. The living room includes a fireplace and large windows. The dining room has a second fireplace and exposed brick features.
The dwelling is located in a hip neighborhood within walking distance of restaurants and shopping.