Prospect Real Estate - Find Your Perfect Home For Sale!

Prospect - Town vs. County Stats

Prospect - Town vs. County Stats

Avg Price in Prospect: $726,100 / County Avg $579,600

63%

Avg Sq. Ft. in Prospect: 4,355 / County Avg 3,688

59%

Avg Price per/ft2 in Prospect: $167 / County Avg $157

106%

Avg Walkscore in Prospect: 17 / County Avg 12

69%

Avg Year Built in Prospect: 2001 / County Avg 1997

50%

Avg Days on Website in Prospect: 99 / County Avg 100

50%

Prospect Real Estate Market Health

New Listings
Reductions
Foreclosures
Short Sales
Prospect is a neighborhood of Louisville, Kentucky, in the United States. It forms part of the Louisville Metro government although it is separately incorporated as a 3rd-class city and lies partially within Oldham County. The population was 4,657 at the time of the year 2000 U.S. Census. It is one of the wealthiest communities in Kentucky.

The area was first known as Sand Hill when it was settled by farmers in the late 18th Century. The present community grew up around the "Prospect" railroad station erected by the Louisville, Harrods Creek and Westport Railway c. 1872. The name referred either to the view from the top of the hill or the expected completion of the line (which – owing to the Long Depression – never did reach Westport and collapsed into bankruptcy in 1879). When the post office was established in 1886, the local postmaster named it Wilhoyte in his own honor, but the community corrected this within the month.

Although a few luxury residences existed in the area from the late 19th century and the Louisville Railway Company offered hourly electrified-rail trolleys along the former LHC&W line after 1904, it was largely agricultural until the mid-1960s when large, high-end subdivisions were built in the area, most notably Hunting Creek, which included a golf course. Prospect incorporated as a city in 1974.