Bryan Realty

Cordova, TN

Single-Family Homes

Market Report / michael@bryanrealty.com



Cordova, TN

Sun Jul 05 2020
This week the median list price for Cordova, TN is $257,250 with the market action index hovering around 82. This is an increase over last month's market action index of 81. Inventory has held steady at or around 54. 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

Sun Jul 05 2020
This week the median list price for Cordova, TN is $257,250 with the market action index hovering around 82. This is an increase over last month's market action index of 81. Inventory has held steady at or around 54. 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 $257,250
Per Square Foot $100
Days on Market 89
Price Decreased 17%
Price Increased 4%
Relisted 7%
Inventory 54
Median Rent $1,495
Most Expensive $799,000
Least Expensive $124,000
Market Action 82
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
$544,900 4,749 1 - 2.5 acres 5 4 24 1 2 180
$325,000 3,499 0.25 - 0.5 acre 4 3 24 4 4 57
$233,700 2,399 8,000 - 10,000 sqft 4 2 19 6 8 12
$172,500 1,699 8,000 - 10,000 sqft 3 2 25 9 7 109