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 Last Month
Since last month, Alliance of Cordova Neighborhoods has remained a Seller'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
$315,000
-
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Alliance of Cordova Neighborhoods have sold for 10% less than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $250K | N/A |
| 3 Bedrooms | $280K | $295K | +5.4% |
| 4 Bedrooms | $382.5K | $457.2K | +19.5% |
| 5+ Bedrooms | $625K | $315K | -49.6% |
Summary: Alliance of Cordova Neighborhoods housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 19.5%, and 5+ bedroom homes decreased by 49.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Cumberland Farms | $299.9K | $350K | +16.7% |
| Alliance of Cordova Neighborhoods | $350K | $315K | -10.0% |
Housing Supply in Alliance of Cordova Neighborhoods, TN
How many homes are available in Alliance of Cordova Neighborhoods, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 75 | 68 | -9.3% |
Summary: The Alliance of Cordova Neighborhoods real estate market had 68 homes for sale in April 2024, a 9.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 33 | 27 | -18.2% |
| 4 Bedrooms | 30 | 27 | -10.0% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Alliance of Cordova Neighborhoods housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 18.2%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 15 | -28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
8 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. 53.3% of homes here sold near the asking price last month.
Summary: A total of 15 homes were sold or pending in Alliance of Cordova Neighborhoods in April 2024, down by 28.6% month-over-month. Of the 15 sold homes, 13% were sold under asking, 53% were sold at asking, and 33% 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
