38582
Cookeville, Tennessee
Cookeville 38582 needs watching.
The 38582 ZIP code in Cookeville, Tennessee has a median sale price of $305K, down -58.2% year-over-year. Homes spend an average of 82 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 38582.
The Cookeville 38582 market shows significant stress with a median sale price of $305,000, down 58.2% year-over-year, marking one of the sharpest declines in Tennessee. Properties are averaging 82 days on market, well above the state's typical 45-60 day range. The complete absence of homes selling above list price indicates buyers maintain full negotiating leverage, with sellers unable to generate competitive bidding even at reduced valuations.
Price-sensitive buyers and value investors face optimal entry conditions given the 58.2% correction and extended 82-day inventory absorption rate. Cash buyers can exploit the weak pricing power, while first-time purchasers benefit from eliminated competition for above-ask offers. Sellers face the market's worst conditions, with data suggesting they should delay listings unless financially compelled, as current metrics indicate continued downward pressure on accepted offers.
The PropIQ score of 37/100 signals continued caution, typically correlating with markets requiring 6-12 months for stabilization. Watch for days-on-market trending below 70 and any properties achieving list price as early reversal indicators. Current data suggests further price discovery ahead, with the market unlikely to establish a reliable floor until absorption rates improve and year-over-year comparisons reset from 2024's elevated baseline.
What is the median home price in 38582 Cookeville?
The median sale price in 38582 is $305K, down -58.2% year-over-year as of 2025-12-31.
How long do homes stay on the market in Cookeville 38582?
Homes in 38582 Cookeville spend an average of 82 days on market before going under contract.
Is Cookeville 38582 a good place to invest in real estate?
Folio's PropIQ™ score for 38582 is 37/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 37 mean for 38582?
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 38582 Cookeville, Tennessee.