Bryan Realty

Cordova, TN

Single-Family Homes

Market Report / michael@bryanrealty.com



Cordova, TN

Thu Sep 16 2021
This week the median list price for Cordova, TN is $317,500 with the market action index hovering around 98. This is an increase over last month's market action index of 97. Inventory has increased to 60. 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

Thu Sep 16 2021
This week the median list price for Cordova, TN is $317,500 with the market action index hovering around 98. This is an increase over last month's market action index of 97. Inventory has increased to 60. 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 $317,500
Median Price of New Listings $279,900
Per Square Foot $130
Average Days on Market 29
Median Days on Market 4
Price Decreased 15%
Price Increased 0%
Relisted 5%
Inventory 60
Median Rent $1,923
Market Action 98
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
$549,000 3,299 0.5 - 1 acre 4 3 23 5 2 21
$339,900 2,899 0.25 - 0.5 acre 4 2 24 6 7 7
$285,000 2,299 8,000 - 10,000 sqft 3 2 19 9 10 0
$239,900 1,699 8,000 - 10,000 sqft 3 2 25 11 10 0