40207 is St. Matthews and the small cities around it: Indian Hills, Windy Hills, Mockingbird Valley, Glenview, Norbourne Estates, Bellemeade, Druid Hills and Rolling Fields. It pairs the convenience of Shelbyville Road and Mall St. Matthews with some of the most established estate streets in the county along River Road and Brownsboro Road.

This page is part of the Louisville ZIP code guide from Winner Realty. The numbers come straight from the Louisville MLS, the listing links go to our live search, and the neighborhood links go to our full guides. If you want this ZIP watched for you, use the alert signup at the bottom and we will email new listings the morning they hit.

40207 by the numbers (Louisville MLS, October 2026)

• Homes for sale right now: 106 residential listings (up from 81 a year ago)
• Median asking price (October): $399,700
• Median sold price (October): $486,000
• Typical sold price over the last 12 months: about $450,000
• Homes sold in the last 12 months: 505 (about 42 a month)
• Average days on market (12-month average): 25 days
• Months of supply: about 2.5 months, which reads as a balanced market (Rob's rule of thumb is that about 3.5 months of supply is balanced)

Source: Louisville MLS (Metro Search) residential statistics for ZIP 40207, pulled November 8, 2026. Monthly medians move around in smaller ZIPs, so use the 12-month figures for pricing and the October figures for momentum. For the county-wide picture, see the Louisville Housing Market Report.

Neighborhoods and communities in 40207

Our full neighborhood guides cover housing stock, prices, history and what it is like to live there:

• St. Matthews
• Indian Hills
• Windy Hills and Seneca Gardens
• Mockingbird Valley
• Glenview
• Norwood and Northfield

Not sure which part of 40207 fits you? The Louisville Neighborhood Matcher weighs your commute, budget and housing-type preferences across the metro.

What the homes look like

1940s–1960s brick Cape Cods and ranches in St. Matthews proper, mid-century ranches and two-stories in Norbourne Estates and Bellemeade, large lots and estate homes in Indian Hills, Glenview and Mockingbird Valley, and condos and patio homes near Shelbyville Road. Many homes have been expanded or torn down and rebuilt, so square footage varies wildly street to street.

What your money buys in 40207

• Under $325,000: the entry point: smaller homes, homes that need updating, and the occasional estate sale. Expect competition from investors and first-time buyers.
• $325,000 to $600,000: the heart of the market here, right around the $450,000 typical sold price. Move-in-ready homes in this band are what most buyers in 40207 are shopping for.
• Over $600,000: the larger, updated or newer homes, bigger lots, and the top streets in the ZIP. These sit on the market a little longer and leave more room to negotiate.

Run a payment on any of these with the Kentucky mortgage payment calculator, and if you are a first-time buyer check the down payment assistance screener before you decide what you can afford.

Getting around

Shelbyville Road, Mall St. Matthews and Oxmoor Center, Seneca and Cherokee Parks to the south, River Road to the north, with I-64 (Breckenridge Lane, Cannons Lane) and I-264 (the Watterson) both running through the ZIP. Downtown is 15 minutes.

Property taxes, schools and the practical details

Most of 40207 sits outside the Urban Services District but inside one of several small cities (St. Matthews, Indian Hills, Windy Hills, Glenview, Norbourne Estates and others), each with its own city tax rate and services. Rates differ by a few hundred dollars a year between cities, so check the exact taxing district on the PVA site.

Estimate the real bill for any address with the Jefferson County property tax calculator by taxing district, and if you are 65 or older or fully disabled, read about the homestead exemption on that page. School assignments: JCPS uses an address-based system with choice zones, so check the exact address in the district's official school finder at jefferson.kyschools.us rather than relying on a listing's school fields. Flood zones: a handful of Louisville ZIPs have creek and river floodplains, so review the Louisville flood zone guide before you write an offer.

Search homes for sale in 40207

See every home for sale in 40207 right now on our live MLS search (updated every few minutes from the Louisville MLS). Want the new ones before everyone else? Set up a 40207 listing alert and tell us your price range and must-haves; you get an email the morning a matching home hits the market, and a real person (not a bot) follows up only if you ask. Weekend plans? Check every open house in the Louisville area this weekend.

Selling a home in 40207?

Start with the instant home value estimate (no contact info required for the range) or the what is my house worth guide, then run your numbers through the seller net proceeds calculator. When you are ready to list, Winner Realty puts your home live on the MLS within three business days, guaranteed, syndicates it to Zillow, Realtor.com and 200-plus sites, and puts it in front of the 70,000-plus buyers on OffMarket.deals. If you would rather skip the showings, we will also bring you a cash offer so you can compare both paths side by side.

Frequently asked questions

What is the average home price in 40207?

The median sold price in 40207 over the last 12 months is about $450,000, and the median sold price in October 2026 was $486,000. The median asking price for homes currently listed is $399,700. Prices vary a lot by street and condition, so use these as a starting point and ask for comparable sales on the specific home.

Is 40207 a buyer's or seller's market right now?

With 106 homes for sale and about 42 sales a month, 40207 has roughly 2.5 months of supply. Rob's rule of thumb is that about 3.5 months is balanced, so this currently reads as a balanced market. Inventory across Louisville is up sharply from a year ago, which gives buyers more choice than they have had since 2019.

How fast do homes sell in 40207?

Over the last 12 months, homes in 40207 averaged 25 days on market before going under contract. Well-priced, move-in-ready homes go faster than that; homes that need work or are priced for last year's market sit longer.

Which neighborhoods are in ZIP code 40207?

40207 includes St. Matthews, Indian Hills, Windy Hills and Seneca Gardens, Mockingbird Valley and nearby areas. ZIP boundaries don't always match neighborhood names exactly, so a home's listing may show a neighborhood name from a neighboring ZIP. The neighborhood guides linked above describe each area in detail.

How do I get alerts for new listings in 40207?

Use the listing alert signup linked on this page and tell us the ZIP, your price range and must-haves. New matching homes are emailed to you the morning they hit the MLS. You can also search 40207 directly on our live MLS search any time.

Rob Bergeron is Owner–Realtor at Award-Winning Winner Realty in Louisville, Kentucky (Lisa Tucker, Principal Broker, licensed in Kentucky and Indiana). Email me with any questions: Rob@thewinnerrealty.com. Explore more ZIP codes on the Louisville ZIP code guide or browse all Louisville neighborhood guides.