Bryan Realty

Cordova, TN

Single-Family Homes

Market Report / michael@bryanrealty.com



Cordova, TN

Tue Oct 15 2019
This week the median list price for Cordova, TN is $264,000 with the market action index hovering around 56. This is less than last month's market action index of 62. Inventory has held steady at or around 151. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Cordova, TN

Tue Oct 15 2019
This week the median list price for Cordova, TN is $264,000 with the market action index hovering around 56. This is less than last month's market action index of 62. Inventory has held steady at or around 151. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Cordova market.
Median List Price $264,000
Per Square Foot $94
Days on Market 62
Price Decreased 43%
Price Increased 3%
Relisted 7%
Inventory 151
Median House Rent $1,450
Most Expensive $895,000
Least Expensive $81,500
Market Action Index
Strong Seller's Market
56

The market appears to be 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
$399,000 4,249 0.5 - 1 acre 5 3 20 7 7 81
$286,000 3,099 0.25 - 0.5 acre 4 3 15 3 4 59
$229,000 2,699 0.25 - 0.5 acre 4 2 25 11 7 35
$179,925 1,799 0.25 - 0.5 acre 3 2 28 10 12 71