Is Cordova, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cordova is a seller's market

Buyer's
Market

Difference Since May 2021

Since last year, Cordova has remained a Seller's Market.

Key Takeaway

Cordova is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Cordova, TN cost?

Median Sold Price

$289,862

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$50,945(+21.3%)

Key Takeaway

Homes in Cordova have sold for 21.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $50K-
N/A
2 $137K$180.5K
+31.8%
3 $205K$250K
+22.0%
4 $271.3K$330K
+21.6%
5+ $322K$366.5K
+13.8%

Median Sold Price Compared To Nearby Cities

Eads
+22.4%
Cordova
+21.3%
Bartlett
+19.2%
Memphis
+12.9%
Germantown
+11.6%

How many homes are available in Cordova, TN?

Number of Homes For Sale

Apr 2022May 2022%
290316+9.0%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 00
0.0%
2 68
+33.3%
3 119139
+16.8%
4 127127
0.0%
5+ 3842
+10.5%

Number of Homes Sold

Apr 2022May 2022%
9387-6.5%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

67 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cordova, you could pay more than the asking price. 77% of homes here sold above asking price last month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Cordova, TN

There are 316 homes are for sale in Cordova, TN real estate market. The number of homes for sale in Cordova, TN increased by 9% between April 2022 and May 2022. From April 2022 through May 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 31.8%, 3 bedrooms properties prices increased by 22%, 4 bedrooms properties prices increased by 21.6%, 5 bedrooms properties prices increased by 13.8%. This housing market inventory have changed: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes inventory increased by 33.3%, 3 bedrooms homes inventory increased by 16.8%, number of 4 bedrooms homes remained the same, the quantity of 5 bedrooms homes went up by 10.5%. In May 2022 more than 67 listings in Cordova, TN were sold above the asking price. During the same period more than 9 listings were sold at asking price, while more than 11 were sold below.

Related Housing Market Reports