Is Cookeville, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Cookeville has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $135K | -25.0% |
2 Bedrooms | $224.9K | $205K | -8.9% |
3 Bedrooms | $295.5K | $325K | +10.0% |
4 Bedrooms | $427K | $427.4K | 0.1% |
5+ Bedrooms | $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 2024 | Apr 2024 | CHANGE |
---|---|---|
224 | 251 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 21 | 18 | -14.3% |
3 Bedrooms | 143 | 163 | +14.0% |
4 Bedrooms | 44 | 53 | +20.5% |
5+ Bedrooms | 16 | 17 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 48 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 54 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
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.