Bryan Realty

Cordova, TN

Single-Family Homes

Market Report / michael@bryanrealty.com



Cordova, TN

Fri Feb 26 2021
This week the median list price for Cordova, TN is $314,950 with the market action index hovering around 96. This is about the same as last month's market action index of 96. Inventory has held steady at or around 24. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Cordova, TN

Fri Feb 26 2021
This week the median list price for Cordova, TN is $314,950 with the market action index hovering around 96. This is about the same as last month's market action index of 96. Inventory has held steady at or around 24. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Cordova market.
Median List Price $314,950
Per Square Foot $120
Days on Market 11
Price Decreased 8%
Price Increased 4%
Relisted 4%
Inventory 24
Median Rent $1,613
Most Expensive $3,500,000
Least Expensive $155,000
Market Action 96
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
$669,950 4,999 2.5 - 5 acres 4 4 24 2 1 31
$399,900 3,299 0.25 - 0.5 acre 4 2 26 0 2 17
$282,450 2,699 0.25 - 0.5 acre 4 2 23 3 3 14
$199,000 1,499 0.25 - 0.5 acre 3 2 20 5 5 0