Saint Matthews Real Estate Market Update – September 2025

Looking to move to St. Matthews in Louisville, Kentucky? Check out this real estate market report for September 2025 and what this could mean for your buying or selling experience.

Market Snapshot

Active Listings: 95 homes are currently for sale, averaging $713,694 and spending about 40 days on the market.

Closed Sales: 37 homes sold, with an average price of $845,544, and they sold in just under 30 days.

Pending Sales: 15 homes are under contract, averaging $520,753 and 18 days on the market.

Cancelled Listings: 16 homes were cancelled, averaging $480,125 and about 49 days on the market.

Expired Listings: 2 homes expired unsold, averaging $372,500 and sitting on the market for over 70 days.

Key Trends

1. Closed sales averaged higher than active listings, showing that buyers are competing for desirable homes.

2. Pending sales are close to the closed sale averages, which indicates ongoing demand heading into the next month.

3. Cancelled and expired homes highlight the risks of overpricing, especially when days on market begin to climb.

4. Homes that are priced correctly continue to move quickly, averaging under three weeks when pending and about a month when closed.

What This Means

For Buyers: Competition is strong in the mid-price ranges. Well-priced homes are selling quickly, so be ready to act fast. For Sellers: Pricing remains the deciding factor. Homes that align with market demand are closing in less than 30 days, while overpriced properties are much more likely to sit unsold or be withdrawn.

Final Thoughts

The Saint Matthews market in September 2025 remains competitive, especially for well-priced homes. Mid-market properties are attracting strong interest and closing fast, while overpriced listings are struggling. The message is clear: price it right, and your home is likely to sell quickly.