Is Cookeville, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cookeville is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Cookeville has remained a Seller's Market.

Key Takeaway

Cookeville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Cookeville, TN

How much do homes in Cookeville, TN cost?

Median Sold Price

$329,330

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$24,330(+8.0%)

Key Takeaway

Homes in Cookeville have sold for 8% more than they did a year ago.

Summary: The median home sold price in Cookeville was $329,330 in April 2024, up 8% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $180K$135K
-25.0%
2 $224.9K$205K
-8.9%
3 $295.5K$325K
+10.0%
4 $427K$427.4K
0.1%
5+ $577.3K$673.7K
+16.7%

Summary: Cookeville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 8.9%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 16.7%.

Housing Supply in Cookeville, TN

How many homes are available in Cookeville, TN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
224251+12.1%

Summary: The Cookeville real estate market had 251 homes for sale in April 2024, a 12.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 2118
-14.3%
3 143163
+14.0%
4 4453
+20.5%
5+ 1617
+6.3%

Summary: The Cookeville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes increased by 6.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
3548+37.1%

Asking Price vs. Sold Price

31 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cookeville, you may be able to get a good deal. 67.4% of homes here sold below asking price last month.

Summary: A total of 48 homes were sold or pending in Cookeville in April 2024, up by 37.1% month-over-month. Of the 46 sold homes, 67% were sold under asking, 15% were sold at asking, and 17% were sold over asking.

Days on Market for Cookeville, TN

How long does it take to sell a home in Cookeville, TN?

Average Sale Time

Apr 2023Apr 2024CHANGE
40 Days54 Days+35.2%

Summary: Homes in Cookeville had an average of 54 days on market in Apr 2024, up by 35.2% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cookeville are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 48 homes were sold in Cookeville; 52% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 12 Days Ago

Newest Listings in Cookeville, TN

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