Is Alliance of Cordova Neighborhoods, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Alliance of Cordova Neighborhoods was a Seller's Market.
Key Takeaway
Alliance of Cordova Neighborhoods is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Alliance of Cordova Neighborhoods, TN
How much do homes in Alliance of Cordova Neighborhoods, TN cost?
Median Sold Price
$308,000
-
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Alliance of Cordova Neighborhoods have sold for 1.4% less than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $250K | $263K | +5.2% |
| 3 Bedrooms | $285K | $300.2K | +5.4% |
| 4 Bedrooms | $427.2K | $355K | -16.9% |
| 5+ Bedrooms | $315K | $350K | +11.1% |
Summary: Alliance of Cordova Neighborhoods housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 16.9%, and 5+ bedroom homes increased by 11.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Alliance of Cordova Neighborhoods | $312.5K | $308K | -1.4% |
| Cumberland Farms | $350K | $289.5K | -17.3% |
Housing Supply in Alliance of Cordova Neighborhoods, TN
How many homes are available in Alliance of Cordova Neighborhoods, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 61 | 77 | +26.2% |
Summary: The Alliance of Cordova Neighborhoods real estate market had 77 homes for sale in May 2024, a 26.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 24 | 31 | +29.2% |
| 4 Bedrooms | 25 | 30 | +20.0% |
| 5+ Bedrooms | 10 | 14 | +40.0% |
Summary: The Alliance of Cordova Neighborhoods housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 29.2%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 11 | -38.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alliance of Cordova Neighborhoods, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Alliance of Cordova Neighborhoods in May 2024, down by 38.9% month-over-month. Of the 11 sold homes, 36% were sold under asking, 9% were sold at asking, and 55% were sold over asking.
Days on Market for Alliance of Cordova Neighborhoods, TN
We’re sorry, we don't have information for this market at the moment
