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CORDOVA, TN 38016

Real Estate Market Report  ·  Shelby County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The CORDOVA, TN real estate market (38016) currently shows 162 active listings, with 68 pending sales. Homes are averaging 50 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are selling faster, averaging 50 days on market compared to 56 days last year.

The median listing price has fallen 2.4% year-over-year, from $335,000 to $327,125.

Whether you are buying or selling in CORDOVA, TN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 46,394  ·  Density: 988.9/mi²  ·  Median household income: $72,749

Typical home value: $232,279  ·  Homeownership: 58.4%

Market Overview

Active Listings
162
⇧ 1.9% vs 159 last year
Pending
68
42% pending ratio
Median Price
$327,125
⇩ 2.4% vs $335,000 last year
Average Price
$327,683
⇩ 1.8% vs $333,571 last year
Days on Market
50
⇩ 10.7% vs 56 days last year

Price Per Square Foot

Median $/sqft
$138
⇩ 25.4% vs $185/sqft last year
Median Home Size
2,428 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 162 this year vs 159 last year
  • Days on market: 50 now vs 56 last year

Median & Average Pricing

Year over Year
  • Median: $327,125 (-2.4% YoY)
  • Average: $327,683 (-1.8% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 14.2 miles — 1,304 listings ($466,202,030 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
38016Cordova, TN 380160.0 mi146$48,018,524$327,625$328,894
38133Memphis, TN 381333.0 mi66$21,566,358$318,700$326,763
38139Germantown, TN 381396.5 mi74$55,425,778$606,200$748,997
38135Memphis, TN 381356.5 mi82$28,023,090$326,850$341,745
38028Eads, TN 380287.1 mi53$64,101,698$749,475$1,209,466
38119Memphis, TN 381198.4 mi105$36,298,815$299,450$345,703
38117Memphis, TN 381179.3 mi197$74,728,404$280,875$379,332
38128Memphis, TN 381289.9 mi134$24,438,250$166,225$182,375
38125Memphis, TN 3812510.8 mi64$29,145,728$330,225$455,402
38108Memphis, TN 3810811.5 mi93$10,026,609$109,250$107,813
38141Memphis, TN 3814112.5 mi38$7,629,792$182,375$200,784
38118Memphis, TN 3811813.8 mi105$15,429,540$139,500$146,948
38104Memphis, TN 3810414.2 mi147$51,369,444$299,000$349,452

Frequently Asked Questions

How many homes are for sale in CORDOVA, TN 38016?

As of March 2026, there are 162 active listings in CORDOVA, TN (zip code 38016), compared to 159 the prior year.

What is the median home price in CORDOVA, TN 38016?

The median listing price in CORDOVA, TN 38016 is $327,125 as of March 2026, a 2.4% decrease from $335,000 the prior year.

How long do homes stay on the market in CORDOVA, TN?

Homes in CORDOVA, TN 38016 spend an average of 50 days on the market before going under contract, compared to 56 days the prior year.

Is it a seller's or buyer's market in CORDOVA, TN 38016?

Based on current inventory and days-on-market data as of March 2026, CORDOVA, TN 38016 is currently a Balanced Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are selling faster, averaging 50 days on market compared to 56 days last year.

How much can I save on real estate commission in CORDOVA, TN?

With SELL123.com's maximum 3% commission, sellers in CORDOVA, TN 38016 save an estimated $6,543 compared to a typical 5% commission on the median listing price of $327,125. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.