Is Cordova, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Cordova has remained a Seller's Market.
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 May 2023
Summary: The median home sold price in Cordova was $300,000 in May 2024, down 2.9% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $1.4M | - | N/A |
2 Bedrooms | $166K | $199K | +19.9% |
3 Bedrooms | $265K | $265K | 0.0% |
4 Bedrooms | $355.5K | $342.9K | -3.5% |
5+ Bedrooms | $385K | $390K | +1.3% |
Summary: Cordova housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.9%, 3 bedroom homes did not change, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 1.3%.
Median Sold Price Compared To Nearby Cities
Lakeland | $470K | $489.9K | +4.2% |
Germantown | $472.5K | $489.3K | +3.6% |
Cordova | $308.8K | $300K | -2.9% |
Memphis | $207.7K | $192.8K | -7.1% |
Housing Supply in Cordova, TN
How many homes are available in Cordova, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
336 | 373 | +11.0% |
Summary: The Cordova real estate market had 373 homes for sale in May 2024, a 11.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 20 | 20 | 0.0% |
3 Bedrooms | 130 | 144 | +10.8% |
4 Bedrooms | 133 | 154 | +15.8% |
5+ Bedrooms | 53 | 55 | +3.8% |
Summary: The Cordova housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 3.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
93 | 73 | -21.5% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 73 homes were sold or pending in Cordova in May 2024, down by 21.5% month-over-month. Of the 73 sold homes, 36% were sold under asking, 33% were sold at asking, and 32% were sold over asking.
Days on Market for Cordova, TN
We’re sorry, we don't have information for this market at the moment