Is Cordova, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
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.
Housing Prices in Cordova, TN
How much do homes in Cordova, TN cost?
Median Sold Price
$300,000
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
The sold price of homes in Cordova has remained the same since last year.
Summary: The median home sold price in Cordova was $300,000 in June 2024, down 0.3% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.4M | - | N/A |
| 2 Bedrooms | $225K | $192.5K | -14.4% |
| 3 Bedrooms | $260K | $269K | +3.5% |
| 4 Bedrooms | $347.4K | $347.7K | 0.1% |
| 5+ Bedrooms | $385K | $390K | +1.3% |
Summary: Cordova housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.4%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 1.3%.
Median Sold Price Compared To Nearby Cities
| Cordova | $300.8K | $300K | -0.3% |
| Germantown | $500K | $481.2K | -3.8% |
| Lakeland | $495K | $475K | -4.0% |
| Memphis | $209.2K | $191K | -8.7% |
Housing Supply in Cordova, TN
How many homes are available in Cordova, TN?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 358 | 400 | +11.7% |
Summary: The Cordova real estate market had 400 homes for sale in June 2024, a 11.7% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 20 | 18 | -10.0% |
| 3 Bedrooms | 140 | 153 | +9.3% |
| 4 Bedrooms | 146 | 172 | +17.8% |
| 5+ Bedrooms | 52 | 57 | +9.6% |
Summary: The Cordova housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 17.8%, and 5+ bedroom homes increased by 9.6%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 81 | 67 | -17.3% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cordova, you may be able to get a good deal. 52.2% of homes here sold below asking price last month.
Summary: A total of 67 homes were sold or pending in Cordova in June 2024, down by 17.3% month-over-month. Of the 67 sold homes, 52% were sold under asking, 30% were sold at asking, and 18% 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.
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