Is Cookeville, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$330,248
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Cookeville have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Cookeville was $330,248 in May 2024, up 8.3% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $135K | -25.0% |
| 2 Bedrooms | $220K | $195K | -11.4% |
| 3 Bedrooms | $289.9K | $328K | +13.1% |
| 4 Bedrooms | $442.4K | $425K | -3.9% |
| 5+ Bedrooms | $600K | $550K | -8.3% |
Summary: Cookeville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 11.4%, 3 bedroom homes increased by 13.1%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes decreased by 8.3%.
Median Sold Price Compared To Nearby Cities
| Cookeville | $305K | $330.2K | +8.3% |
| Algood | $288.2K | $236.7K | -17.9% |
Housing Supply in Cookeville, TN
How many homes are available in Cookeville, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 242 | 242 | 0.0% |
Summary: The Cookeville real estate market had 242 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 16 | 16 | 0.0% |
| 3 Bedrooms | 159 | 160 | +0.6% |
| 4 Bedrooms | 51 | 56 | +9.8% |
| 5+ Bedrooms | 16 | 10 | -37.5% |
Summary: The Cookeville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes decreased by 37.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 52 | 67 | +28.8% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cookeville, you may be able to get a good deal. 58.2% of homes here sold below asking price last month.
Summary: A total of 67 homes were sold or pending in Cookeville in May 2024, up by 28.8% month-over-month. Of the 67 sold homes, 58% were sold under asking, 19% were sold at asking, and 22% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 45 Days | 55 Days | +20.8% |
Summary: Homes in Cookeville had an average of 55 days on market in May 2024, up by 20.8% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cookeville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 67 homes were sold in Cookeville; 55% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2024 Greater Chattanooga Association of REALTORS®.