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 March 2023
At the same time last year, Alliance of Cordova Neighborhoods was a Buyer's Market.
Key Takeaway
Alliance of Cordova Neighborhoods is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Alliance of Cordova Neighborhoods, TN
How much do homes in Alliance of Cordova Neighborhoods, TN cost?
Median Sold Price
$302,500
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Alliance of Cordova Neighborhoods have sold for 12.1% less than they did a year ago.
Summary: The median home sold price in Alliance of Cordova Neighborhoods was $302,500 in March 2024, down 12.1% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $225K | $247.4K | +10.0% |
| 3 Bedrooms | $270K | $275K | +1.9% |
| 4 Bedrooms | $402K | $355K | -11.7% |
| 5+ Bedrooms | $462.5K | $400K | -13.5% |
Summary: Alliance of Cordova Neighborhoods housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 11.7%, and 5+ bedroom homes decreased by 13.5%.
Housing Supply in Alliance of Cordova Neighborhoods, TN
How many homes are available in Alliance of Cordova Neighborhoods, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 69 | 75 | +8.7% |
Summary: The Alliance of Cordova Neighborhoods real estate market had 75 homes for sale in March 2024, a 8.7% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 31 | 31 | 0.0% |
| 4 Bedrooms | 25 | 31 | +24.0% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Alliance of Cordova Neighborhoods 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 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 24%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 18 | +28.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alliance of Cordova Neighborhoods, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 18 homes were sold or pending in Alliance of Cordova Neighborhoods in March 2024, up by 28.6% month-over-month. Of the 18 sold homes, 22% were sold under asking, 50% were sold at asking, and 28% 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
