38580
Cookeville, Tennessee
Cookeville 38580 needs watching.
The 38580 ZIP code in Cookeville, Tennessee has a median sale price of $326K, down -10.1% year-over-year. Homes spend an average of 74 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 38580.
The Cookeville 38580 market shows clear deceleration with the median sale price at $326,000, down 10.1% year-over-year as of February 2026. Properties are averaging 74 days on market, and notably zero homes are selling above list price, indicating buyers have regained negotiating leverage after the post-pandemic surge. This represents a significant shift from seller-dominated conditions, with price discovery now trending downward across the ZIP code.
Buyers seeking single-family homes gain substantial advantage in this environment, with no competition driving bidding wars and 74 days providing ample time for due diligence and inspection negotiations. Price-sensitive first-time buyers can leverage the 10.1% decline to access inventory previously out of reach. Sellers face headwinds and should price aggressively below recent comps, while investors seeking cash flow may find better entry points than in 2024-2025 but should scrutinize the velocity of further declines.
The PropIQ score of 37 signals caution, suggesting continued price pressure or stagnant appreciation through 2026. With zero above-list sales, monitor monthly inventory levels and average DOM trends—if DOM extends beyond 90 or listings accumulate, further price erosion becomes probable. This market requires patience from sellers and strategic timing from buyers, as the data points toward a prolonged adjustment period rather than imminent recovery.
What is the median home price in 38580 Cookeville?
The median sale price in 38580 is $326K, down -10.1% year-over-year as of 2026-02-28.
How long do homes stay on the market in Cookeville 38580?
Homes in 38580 Cookeville spend an average of 74 days on market before going under contract.
Is Cookeville 38580 a good place to invest in real estate?
Folio's PropIQ™ score for 38580 is 37/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 37 mean for 38580?
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 38580 Cookeville, Tennessee.