Louisville, TN 37777 Real Estate Market Report

ZIP Code: 37777
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Louisville, TN real estate market is currently characterized by a median sold price of $399,900, reflecting a moderate level of transaction activity. The neighborhood has increased 15% since 2023, indicating a positive trend in market value despite the current conditions. The median listing price stands at $1,300,000, which suggests a significant gap between seller expectations and actual market performance, potentially leading to pricing friction as buyers navigate elevated inventory levels.

Transaction velocity appears to be slowing, with properties spending a median of 336 days on market. This extended duration may indicate a cooling from previously heated conditions, as the market adjusts to elevated inventory relative to sales activity. Despite these shifts, rental demand remains strong, with a median market rent of $1,507, suggesting ongoing interest in rental properties amid a more balanced market environment.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The median sold price of $399,900 reflects a positive price trend, having increased 15% since 2023, indicating a strengthening market.

2. With a median listing price of $1,300,000, there is a notable gap between seller expectations and market realities, which may lead to pricing friction.

3. Properties are experiencing a median of 336 days on market, suggesting slower sales velocity and a shift towards a more balanced market.

4. The market temperature is currently neutral, indicating a balanced environment with moderate transaction volume and pricing stability.

5. Rental demand remains robust, with a median market rent of $1,507, reflecting positive rent trends despite the overall market cooling.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.