38578
Crossville, Tennessee
Crossville 38578 needs watching.
The 38578 ZIP code in Crossville, Tennessee has a median sale price of $165K, up +106.3% year-over-year. Homes spend an average of 216 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 52 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 38578.
The Crossville 38578 market shows a median sale price of $165,000 as of December 2024, representing an extraordinary 106.3% year-over-year increase. However, this sharp price appreciation contrasts sharply with market velocity metrics: properties average 216 days on market, more than triple the typical healthy market threshold of 60-90 days. Zero homes sold above asking price, indicating buyers maintain negotiating leverage despite the dramatic annual price gains.
This market favors patient buyers willing to negotiate and wait for motivated sellers. The 216-day absorption rate and absence of bidding competition create conditions for below-ask offers and extended due diligence periods. Cash investors seeking below-replacement-cost opportunities may find value, though the 106.3% price surge suggests limited inventory or statistical anomalies from small sample sizes rather than sustained demand fundamentals.
The PropIQ score of 52 signals caution, reflecting the disconnect between price appreciation and transaction velocity. With extended days-on-market and zero competitive offers, the 106% annual gain appears unsustainable. Prospective participants should monitor month-over-month price trends and inventory levels closely; stagnant absorption rates at elevated prices typically precede either price corrections or prolonged sideways movement until wages and rents justify current valuations.
What is the median home price in 38578 Crossville?
The median sale price in 38578 is $165K, up +106.3% year-over-year as of 2024-12-31.
How long do homes stay on the market in Crossville 38578?
Homes in 38578 Crossville spend an average of 216 days on market before going under contract.
Is Crossville 38578 a good place to invest in real estate?
Folio's PropIQ™ score for 38578 is 52/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 52 mean for 38578?
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 52 = Caution in 38578 Crossville, Tennessee.