38564
Cookeville, Tennessee
Cookeville 38564 needs watching.
The 38564 ZIP code in Cookeville, Tennessee has a median sale price of $260K, down -20.0% year-over-year. Homes spend an average of 136 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 37 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 38564.
The Cookeville 38564 market shows significant correction with the median sale price at $260,000, down 20% year-over-year. Properties are averaging 136 days on market, more than double the typical selling timeline in balanced conditions. No homes sold above list price in the most recent period, indicating zero competitive pressure and confirming a decisive shift to buyer-favorable dynamics. This deceleration marks one of the sharper pullbacks in the Cumberland Plateau region.
Patient buyers with flexible timelines gain maximum leverage in these conditions. The 136-day average marketing period provides substantial negotiating windows, while the absence of above-ask sales eliminates bidding competition entirely. Cash investors seeking rental inventory can exploit the 20% price reduction for improved cap rates, though vacancy risk and tenant quality require close evaluation given the weakened demand signals. Sellers face protracted timelines and should price 5-8% below recent comparables to avoid extending days-on-market beyond current averages.
The PropIQ score of 37 signals continued caution, suggesting stabilization remains quarters away rather than weeks. Watch for DOM trends below 100 days and any homes breaking above list price as early reversal indicators. The current data implies further inventory accumulation likely before demand absorption improves, making Q2 2025 the earliest realistic inflection point for market recovery.
What is the median home price in 38564 Cookeville?
The median sale price in 38564 is $260K, down -20.0% year-over-year as of 2025-12-31.
How long do homes stay on the market in Cookeville 38564?
Homes in 38564 Cookeville spend an average of 136 days on market before going under contract.
Is Cookeville 38564 a good place to invest in real estate?
Folio's PropIQ™ score for 38564 is 37/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 37 mean for 38564?
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 37 = Caution in 38564 Cookeville, Tennessee.