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Cookeville, TN 38506 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Cookeville, TN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.12
ActiveActive listings: 7777PendingPending sales: 99
Cookeville, TN: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $410k$410kSoldMedian sold price (last 6 months): $342k$342k
What homes actually sell for in Cookeville, TN
Distribution of 313 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $272k to $479k
$110k to $197k: 18 sales$110k$197k to $284k: 56 sales$284k to $371k: 96 sales96sales$284k$371k to $458k: 41 sales$458k to $544k: 31 sales$458k$544k to $631k: 20 sales$631k to $718k: 9 sales$631k$718k to $805k: 11 salesMedian $342k

What the numbers say

As of October 26, 2026, Resideline is tracking 77 active listings and 9 pending sales in ZIP code 38506. That pending-to-active ratio of 0.12 makes it a typical-pace market: listings are going under contract at about the pace of most ZIP codes Resideline tracks.

The median asking price of current listings is $409,900, while the median of the 313 closed sales Resideline tracked over the last six months was $342,030. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 38506 for 82 days.

Frequently asked questions

What is the median home price in 38506?

The median closed sale price in Cookeville, TN 38506 was $342,030 over the last six months, based on 313 closed sales tracked by Resideline. The middle half of those sales ranged from $272,000 to $479,000.

Is 38506 a buyer's or seller's market?

Resideline is currently tracking 9 pending sales against 77 active listings in 38506, a pending-to-active ratio of 0.12. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 38506 is currently a typical-pace market.

Nearby ZIP code market data

Full Cookeville, TN housing market report →

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