$5,639 Closing Credit*
$474,900
4 Beds
•4 Full Baths
Listing Office: Crye-Leike, Inc., REALTORS
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 Neutral 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
$305,000
-
Based on all homes sold in November 2024.
Difference Since Last Month
+$15,000(+5.2%)
Key Takeaway
Homes in Cordova have sold for 5.2% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $109K | - | N/A |
| 2 Bedrooms | $211.5K | $260.7K | +23.3% |
| 3 Bedrooms | $253.4K | $276K | +8.9% |
| 4 Bedrooms | $327.5K | $369.4K | +12.8% |
| 5+ Bedrooms | $391.9K | $414K | +5.6% |
Summary: Cordova housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.3%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 5.6%.
Median Sold Price Compared To Nearby Cities
| Lakeland | $370K | $456K | +23.2% |
| Cordova | $290K | $305K | +5.2% |
| Germantown | $483K | $492.5K | +2.0% |
| Memphis | $190.2K | $183K | -3.8% |
| Eads | $653.7K | $535K | -18.2% |
Housing Supply in Cordova, TN
How many homes are available in Cordova, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 366 | 391 | +6.8% |
Summary: The Cordova real estate market had 391 homes for sale in November 2024, a 6.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 21 | 21 | 0.0% |
| 3 Bedrooms | 135 | 144 | +6.7% |
| 4 Bedrooms | 159 | 178 | +11.9% |
| 5+ Bedrooms | 50 | 48 | -4.0% |
Summary: The Cordova housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes decreased by 4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 59 | 66 | +11.9% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cordova, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 66 homes were sold or pending in Cordova in November 2024, up by 11.9% month-over-month. Of the 66 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Cordova, TN
We’re sorry, we don't have information for this market at the moment
