38570
Cookeville, Tennessee
Cookeville 38570 needs watching.
The 38570 ZIP code in Cookeville, Tennessee has a median sale price of $245K, up +2.1% year-over-year. Homes spend an average of 94 days on market, with 14% of homes selling above list price.
Folio's PropIQ™ score of 61 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 38570.
The Cookeville 38570 market shows measured appreciation with a median sale price of $245,000, up 2.1% year-over-year through February 2026. Homes are moving at a modest pace, averaging 94 days on market, while only 14% of sales close above asking price. This combination signals a balanced market where neither buyers nor sellers hold decisive negotiating leverage, departing from the urgency that characterized recent years in secondary Tennessee markets.
Price-sensitive buyers gain clear advantage in these conditions, with 86% of transactions closing at or below list price and a three-month average marketing period providing ample time for due diligence. Sellers with equity and flexible timelines can still capture modest gains from the 2.1% annual appreciation, but those requiring quick liquidity face extended holding periods. Investors seeking cash flow over speculation may find the $245,000 entry point workable, though the 94-day absorption rate demands patient capital deployment.
The PropIQ score of 61 signals caution, suggesting underlying fundamentals may not support accelerated growth in the near term. Buyers should monitor whether days on market begin trending beyond 100, which would indicate softening demand and potential price compression. The sub-15% above-asking metric warrants attention to local employment data and mortgage rate movements, as any deterioration in affordability could push this market from balanced to buyer-favored through 2026.
What is the median home price in 38570 Cookeville?
The median sale price in 38570 is $245K, up +2.1% year-over-year as of 2026-02-28.
How long do homes stay on the market in Cookeville 38570?
Homes in 38570 Cookeville spend an average of 94 days on market before going under contract.
Is Cookeville 38570 a good place to invest in real estate?
Folio's PropIQ™ score for 38570 is 61/100 — a Caution signal. 14% of homes sold above asking.
What does a PropIQ™ score of 61 mean for 38570?
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 61 = Caution in 38570 Cookeville, Tennessee.