Is Cordova, 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, Cordova was a Buyer's Market.
Key Takeaway
Cordova is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cordova, TN
How much do homes in Cordova, TN cost?
Median Sold Price
$300,000
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Cordova have sold for 5.6% less than they did a year ago.
Summary: The median home sold price in Cordova was $300,000 in March 2024, down 5.6% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $1.4M | N/A |
| 2 Bedrooms | $141K | $189.7K | +34.6% |
| 3 Bedrooms | $262.5K | $264.1K | +0.6% |
| 4 Bedrooms | $360K | $341.5K | -5.1% |
| 5+ Bedrooms | $385K | $385K | 0.0% |
Summary: Cordova 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 34.6%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Germantown | $457K | $500K | +9.4% |
| Cordova | $317.9K | $300K | -5.6% |
Housing Supply in Cordova, TN
How many homes are available in Cordova, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 294 | 337 | +14.6% |
Summary: The Cordova real estate market had 337 homes for sale in March 2024, a 14.6% 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 | 17 | 21 | +23.5% |
| 3 Bedrooms | 106 | 118 | +11.3% |
| 4 Bedrooms | 125 | 148 | +18.4% |
| 5+ Bedrooms | 46 | 50 | +8.7% |
Summary: The Cordova 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 23.5%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes increased by 8.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 66 | 64 | -3.0% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cordova, expect to pay close to the asking price. 40.6% of homes here sold near the asking price last month.
Summary: A total of 64 homes were sold or pending in Cordova in March 2024, down by 3.0% month-over-month. Of the 64 sold homes, 36% were sold under asking, 41% were sold at asking, and 23% were sold over asking.
Days on Market for Cordova, TN
We’re sorry, we don't have information for this market at the moment
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.