Is Cordova, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
| # BEDS | May 2021 | May 2022 | % |
|---|---|---|---|
| 1 Bedroom | $50K | - | N/A |
| 2 Bedrooms | $137K | $180.5K | +31.8% |
| 3 Bedrooms | $205K | $250K | +22.0% |
| 4 Bedrooms | $271.3K | $330K | +21.6% |
| 5+ Bedrooms | $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 2022 | May 2022 | % |
|---|---|---|
| 290 | 316 | +9.0% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2022 | May 2022 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 119 | 139 | +16.8% |
| 4 Bedrooms | 127 | 127 | 0.0% |
| 5+ Bedrooms | 38 | 42 | +10.5% |
Number of Homes Sold
| Apr 2022 | May 2022 | % |
|---|---|---|
| 93 | 87 | -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
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.
