$2,849 Closing Credit*
$239,900
4 Beds
•3 Full Baths, 1 Partial
Listing Office: BHHS Taliesyn Realty
Is Cordova, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Cordova was a Buyer's Market.
Key Takeaway
Cordova is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Cordova, TN
How much do homes in Cordova, TN cost?
Median Sold Price
$300,000
-
Based on all homes sold in October 2024.
Difference Since Last Month
+$10,000(+3.4%)
Key Takeaway
Homes in Cordova have sold for 3.4% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $109K | N/A |
| 2 Bedrooms | $287K | $211.5K | -26.3% |
| 3 Bedrooms | $273.5K | $255.5K | -6.6% |
| 4 Bedrooms | $329K | $340K | +3.3% |
| 5+ Bedrooms | $335K | $399.8K | +19.3% |
Summary: Cordova housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 26.3%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 19.3%.
Median Sold Price Compared To Nearby Cities
| Cordova | $290K | $300K | +3.4% |
| Germantown | $474K | $483K | +1.9% |
| Memphis | $192K | $190.4K | -0.8% |
| Eads | $780K | $653.7K | -16.2% |
Housing Supply in Cordova, TN
How many homes are available in Cordova, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 294 | 354 | +20.4% |
Summary: The Cordova real estate market had 354 homes for sale in October 2024, a 20.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 16 | 18 | +12.5% |
| 3 Bedrooms | 112 | 131 | +17.0% |
| 4 Bedrooms | 122 | 151 | +23.8% |
| 5+ Bedrooms | 43 | 53 | +23.3% |
Summary: The Cordova housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes increased by 23.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 51 | +45.7% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cordova, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.
Summary: A total of 51 homes were sold or pending in Cordova in October 2024, up by 45.7% month-over-month. Of the 51 sold homes, 53% were sold under asking, 37% were sold at asking, and 10% were sold over asking.
Days on Market for Cordova, TN
We’re sorry, we don't have information for this market at the moment
