38548
Cookeville, Tennessee
Cookeville 38548 needs watching.
The 38548 ZIP code in Cookeville, Tennessee has a median sale price of $372K, up +74.0% year-over-year. Homes spend an average of 99 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 55 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 38548.
The Cookeville 38548 market displays contradictory signals with a median sale price of $372,450 following an extraordinary 74% year-over-year increase, yet homes average 99 days on market—well above the typical 30-60 day range in balanced conditions. The absence of any homes selling above list price indicates buyers maintain negotiating leverage despite the dramatic annual appreciation. This disconnect between backward-looking price gains and current transaction dynamics suggests the market has shifted substantially in recent months from what drove 2025's surge.
These conditions favor patient buyers with financing secured who can absorb the three-month marketing timeline without pressure. Sellers who purchased before the 74% run-up retain substantial equity cushions for negotiation, while recent buyers face immediate vulnerability if prices correct. Investors should avoid momentum-chasing strategies here; the 99-day absorption period and zero above-list sales eliminate the quick-flip model entirely. Cash buyers gain maximum advantage given their ability to negotiate on extended listings without rate pressure.
The PropIQ score of 55 signals elevated caution as historical appreciation appears unsustainable against current velocity metrics. Markets experiencing 70%+ annual gains followed by deteriorating sales conditions typically see 12-18 month consolidation periods or outright corrections. Monitor monthly inventory levels and whether days-on-market extends beyond 120; that threshold would confirm buyer resistance to current pricing. The next quarter's transaction volume will determine whether 2025's surge represented genuine demand migration or speculative overextension now exhausting itself.
What is the median home price in 38548 Cookeville?
The median sale price in 38548 is $372K, up +74.0% year-over-year as of 2026-02-28.
How long do homes stay on the market in Cookeville 38548?
Homes in 38548 Cookeville spend an average of 99 days on market before going under contract.
Is Cookeville 38548 a good place to invest in real estate?
Folio's PropIQ™ score for 38548 is 55/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 55 mean for 38548?
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 55 = Caution in 38548 Cookeville, Tennessee.