38574
Cookeville, Tennessee

The 38574 ZIP code recorded a median sale price of $437,450 as of February 2026, marking a robust 13.6% year-over-year increase that outpaces national averages. Homes are moving at a moderate pace with an average 78.5 days on market, while only 14% of properties sold above asking price. This divergence between strong price appreciation and limited bidding wars suggests a market transitioning from peak velocity, where sellers maintain pricing power but face reduced buyer urgency compared to tighter market conditions.

This environment favors patient sellers who purchased before the recent appreciation cycle and can afford the 78-5-day marketing window to capture maximum value from the 13.6% annual gain. Buyers gain negotiating leverage absent in hotter markets, with 86% of transactions at or below list price providing room for offers under asking. Investors seeking cash flow should exercise caution given the elevated entry price of $437,450 relative to the PropIQ score of 61, which signals mixed fundamentals that may not support sustained appreciation at this rate.

The PropIQ score of 61 indicates deteriorating market health despite current price strength, suggesting the 13.6% growth rate may not be sustainable into 2027. Buyers should monitor whether days on market extend beyond 80 days consistently, which would confirm weakening demand and create better entry points. Sellers face a narrowing window to capitalize on current pricing before the gap between appreciation and fundamental market strength forces a correction or extended stagnation period.