Is Cookeville, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Cookeville was a Seller's Market.
Housing Prices in Cookeville, TN
How much do homes in Cookeville, TN cost?
Median Sold Price
$325,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Cookeville was $325,000 in March 2024, up 6.6% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | $165K | +32.0% |
2 Bedrooms | $220K | $195K | -11.4% |
3 Bedrooms | $297.9K | $324K | +8.7% |
4 Bedrooms | $437.7K | $410K | -6.3% |
5+ Bedrooms | $550K | $717K | +30.4% |
Summary: Cookeville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32%, 2 bedroom homes decreased by 11.4%, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 30.4%.
Housing Supply in Cookeville, TN
How many homes are available in Cookeville, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
193 | 218 | +13.0% |
Summary: The Cookeville real estate market had 218 homes for sale in March 2024, a 13.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 19 | 21 | +10.5% |
3 Bedrooms | 122 | 141 | +15.6% |
4 Bedrooms | 40 | 42 | +5.0% |
5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The Cookeville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
31 | 34 | +9.7% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Cookeville in March 2024, up by 9.7% month-over-month. Of the 34 sold homes, 68% were sold under asking, 21% were sold at asking, and 12% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
35 Days | 72 Days | +106.5% |
Summary: Homes in Cookeville had an average of 72 days on market in Mar 2024, up by 106.5% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During March 2024, 34 homes were sold in Cookeville; 47% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.