38501
Cookeville, Tennessee
Cookeville 38501 is stable.
The 38501 ZIP code in Cookeville, Tennessee has a median sale price of $357K, up +18.4% year-over-year. Homes spend an average of 90 days on market, with 12% of homes selling above list price.
Folio's PropIQ™ score of 65 signals Caution conditions. This market is holding steady. Monitor inventory shifts before committing.
The Cookeville 38501 market shows median sale prices reaching $357,000 as of February 2026, marking an 18.4% year-over-year increase that significantly outpaces national averages. However, this appreciation occurs alongside extended market time, with properties averaging 89.5 days on market. Only 12% of homes sell above list price, indicating sellers hold limited pricing power despite double-digit appreciation. This combination of strong price growth and slower absorption suggests momentum may be transitioning from the aggressive seller's market of previous quarters.
Current conditions favor patient buyers willing to negotiate and sellers with immediate liquidity needs who entered the market 12-18 months ago. The 89.5-day DOM provides buyers leverage for inspections and price discussions that weren't available during tighter inventory periods. Investors targeting appreciation over cash flow should proceed cautiously given the 65 PropIQ score, while homeowners who purchased before mid-2024 can still capture substantial equity gains. The low 12% above-ask ratio means competitive bidding wars are exceptions rather than norms.
The PropIQ score of 65 signals caution as price acceleration may be outpacing fundamental support indicators like income growth and local employment expansion. Markets displaying 18%+ appreciation with simultaneously rising DOM often experience price stabilization or correction within 6-9 months. Monitor inventory levels and month-over-month DOM changes closely; if days-on-market extends beyond 100 while price growth persists above 15%, expect meaningful price adjustments in Q3 2026.
What is the median home price in 38501 Cookeville?
The median sale price in 38501 is $357K, up +18.4% year-over-year as of 2026-02-28.
How long do homes stay on the market in Cookeville 38501?
Homes in 38501 Cookeville spend an average of 90 days on market before going under contract.
Is Cookeville 38501 a good place to invest in real estate?
Folio's PropIQ™ score for 38501 is 65/100 — a Caution signal. 12% of homes sold above asking.
What does a PropIQ™ score of 65 mean for 38501?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 65 = Caution in 38501 Cookeville, Tennessee.