Is Cordova, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Cordova was a Buyer's Market.
Housing Prices in Cordova, TN
How much do homes in Cordova, TN cost?
Median Sold Price
$300,242
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cordova was $300,242 in April 2024, down 3.1% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $1.4M | N/A |
2 Bedrooms | $141K | $195.7K | +38.8% |
3 Bedrooms | $260K | $265K | +1.9% |
4 Bedrooms | $355K | $345K | -2.8% |
5+ Bedrooms | $385K | $385K | 0.0% |
Summary: Cordova housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 38.8%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Germantown | $450K | $495.7K | +10.2% |
Memphis | $199.9K | $195.6K | -2.1% |
Lakeland | $485K | $475K | -2.1% |
Cordova | $310K | $300.2K | -3.1% |
Housing Supply in Cordova, TN
How many homes are available in Cordova, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
324 | 348 | +7.4% |
Summary: The Cordova real estate market had 348 homes for sale in April 2024, a 7.4% 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 | 22 | +4.8% |
3 Bedrooms | 116 | 135 | +16.4% |
4 Bedrooms | 141 | 137 | -2.8% |
5+ Bedrooms | 46 | 54 | +17.4% |
Summary: The Cordova 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 increased by 4.8%, 3 bedroom homes increased by 16.4%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 17.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
70 | 85 | +21.4% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
31 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 85 homes were sold or pending in Cordova in April 2024, up by 21.4% month-over-month. Of the 85 sold homes, 40% were sold under asking, 36% were sold at asking, and 24% were sold over asking.
Days on Market for Cordova, TN
We’re sorry, we don't have information for this market at the moment