Start Free
All market snapshots / 38506

Cookeville, TN 38506 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Cookeville, TN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.15
ActiveActive listings: 8181PendingPending sales: 1212
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): $417k$417kSoldMedian sold price (last 6 months): $340k$340k
What homes actually sell for in Cookeville, TN
Distribution of 327 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $271k to $474k
$100k to $184k: 17 sales$100k$184k to $268k: 42 sales$268k to $351k: 105 sales105sales$268k$351k to $435k: 52 sales$435k to $519k: 32 sales$435k$519k to $602k: 29 sales$602k to $686k: 9 sales$602k$686k to $770k: 7 salesMedian $340k

What the numbers say

As of October 5, 2026, Resideline is tracking 81 active listings and 12 pending sales in ZIP code 38506. That pending-to-active ratio of 0.15 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $417,414, while the median of the 327 closed sales Resideline tracked over the last six months was $340,000. 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 68 days.

Frequently asked questions

What is the median home price in 38506?

The median closed sale price in Cookeville, TN 38506 was $340,000 over the last six months, based on 327 closed sales tracked by Resideline. The middle half of those sales ranged from $271,000 to $474,000.

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

Resideline is currently tracking 12 pending sales against 81 active listings in 38506, a pending-to-active ratio of 0.15. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 38506 currently looks like a balanced market.

Nearby ZIP code market data

Full Cookeville, TN housing market report →

Running a deal in 38506? Free tools: ARV calculator · rehab cost estimator · BRRRR calculator · wholesale calculator

Run any 38506 address through Resideline
Free account. Includes 3 full property reports with comps, ARV and rent estimates.