Bryan Realty

Cordova, TN

Single-Family Homes

Market Report / michael@bryanrealty.com



Cordova, TN

Fri Feb 28 2020
This week the median list price for Cordova, TN is $256,500 with the market action index hovering around 58. This is an increase over last month's market action index of 52. Inventory has held steady at or around 93. Click here to stay informed with the Cordova market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Cordova, TN

Fri Feb 28 2020
This week the median list price for Cordova, TN is $256,500 with the market action index hovering around 58. This is an increase over last month's market action index of 52. Inventory has held steady at or around 93. Click here to stay informed with the Cordova market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Cordova market.
Median List Price $256,500
Per Square Foot $94
Days on Market 91
Price Decreased 40%
Price Increased 9%
Relisted 10%
Inventory 93
Median Rent $1,490
Most Expensive $899,900
Least Expensive $145,000
Market Action 58
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$429,000 4,249 0.5 - 1 acre 5 4 25 5 4 119
$289,985 3,099 0.25 - 0.5 acre 4 3 20 4 7 112
$232,900 2,499 0.25 - 0.5 acre 4 2 27 5 6 54
$182,000 1,999 0.25 - 0.5 acre 3 2 32 11 10 78