38588
Cookeville, Tennessee
Cookeville 38588 needs watching.
The 38588 ZIP code in Cookeville, Tennessee has a median sale price of $90K, down -65.8% year-over-year. Homes spend an average of 197 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 38588.
The 38588 market shows significant contraction, with the median sale price declining 65.8% year-over-year to $90,000 as of February 2026. Homes are averaging 197 days on market, nearly triple the healthy market benchmark of 60-90 days, indicating weak buyer demand. With zero properties selling above list price, sellers hold no negotiating leverage in current conditions. This dramatic price correction suggests either a fundamental shift in area desirability or a correction from previously inflated valuations.
Value investors with long time horizons may find entry points at the $90,000 median, particularly if they can weather extended holding periods given the 197-day absorption rate. Cash buyers gain maximum advantage, as financing challenges likely contribute to the prolonged market time. Sellers face unfavorable conditions and should consider delaying listings unless circumstances require immediate liquidity. First-time buyers seeking affordability must balance low entry costs against the risk of continued depreciation and limited exit liquidity.
The PropIQ score of 37/100 signals continued caution, suggesting price stabilization remains quarters away rather than weeks. The combination of extended days-on-market and zero above-list sales indicates no demand catalysts are currently present. Watch for inventory accumulation data and any signs of DOM reduction below 150 days as early stabilization indicators. Until sales velocity improves and the year-over-year decline moderates below 20%, this market favors patient capital over momentum strategies.
What is the median home price in 38588 Cookeville?
The median sale price in 38588 is $90K, down -65.8% year-over-year as of 2026-02-28.
How long do homes stay on the market in Cookeville 38588?
Homes in 38588 Cookeville spend an average of 197 days on market before going under contract.
Is Cookeville 38588 a good place to invest in real estate?
Folio's PropIQ™ score for 38588 is 37/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 37 mean for 38588?
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 38588 Cookeville, Tennessee.