Is Cookeville, TN 38506 a buyer’s or seller’s market?

The Cookeville housing market right now

In the three months ending August 31, 2026, 12% of homes in Cookeville, TN 38506 sold above their list price, the typical home went under contract in 61 days and there were 4.4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 137 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 9%, homes sold faster (90 days then) and the median sale price held steady to $351,848. Overall, Cookeville is more competitive than a year ago, so tougher for buyers.

Within Putnam County, homes here sell faster than in 60% of the county’s ZIP codes, and sell more often over asking than in 80%. On our competition score, Cookeville ranks #176 of 299 TN ZIP codes with enough sales (score 27 out of 100).

Nearby, buyers who want less competition could look at Silver Point 38582 (0% sold over asking) or Baxter 38544 (7% sold over asking), while Buffalo Valley 38548 (50% sold over asking) is even more competitive.