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CORDOVA, TN 38016

Real Estate Market Report  ·  Shelby County
Seller's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
149
⇩ 7.5% vs 161 last year
Pending
45
30% pending ratio
Median Price
$325,000
⇩ 3% vs $334,975 last year
Average Price
$328,921
⇩ 0.6% vs $330,844 last year
Days on Market
73
⇩ 3.9% vs 76 days last year

Market Context

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

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

Market Analysis

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

The CORDOVA, TN real estate market (38016) currently shows 149 active listings, with 45 pending sales. Homes are averaging 73 days on the market before going under contract.

Inventory has tightened compared to last year, with 12 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 73 days on market compared to 76 days last year.

The median listing price has fallen 3% year-over-year, from $334,975 to $325,000.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 149 this year vs 161 last year
  • Days on market: 73 now vs 76 last year

Median & Average Pricing

Year over Year
  • Median: $325,000 (-3% YoY)
  • Average: $328,921 (-0.6% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 14.0 miles — 1,653 listings ($721,726,420 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
38016Cordova, TN 380160.0 mi149$49,009,229$325,000$328,921
38018Cordova, TN 380182.9 mi141$55,623,513$354,500$394,493
38134Memphis, TN 381345.6 mi89$21,499,374$240,000$241,566
38120Memphis, TN 381206.5 mi96$68,256,192$487,000$711,002
38138Germantown, TN 381386.9 mi116$81,826,980$509,500$705,405
38002Arlington, TN 380028.1 mi204$109,916,424$540,000$538,806
38122Memphis, TN 381229.3 mi94$17,636,092$164,960$187,618
38017Collierville, TN 380179.8 mi319$222,567,576$599,900$697,704
38115Memphis, TN 3811510.4 mi69$9,758,946$132,500$141,434
38111Memphis, TN 3811111.4 mi198$49,977,576$199,900$252,412
38112Memphis, TN 3811212.4 mi72$19,470,528$232,500$270,424
38036Gallaway, TN 3803612.9 mi1$220,000$220,000$220,000
38114Memphis, TN 3811414.0 mi105$15,963,990$120,525$152,038

Frequently Asked Questions

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

As of January 2026, there are 149 active listings in CORDOVA, TN (zip code 38016), compared to 161 the prior year.

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

The median listing price in CORDOVA, TN 38016 is $325,000 as of January 2026, a 3% decrease from $334,975 the prior year.

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

Homes in CORDOVA, TN 38016 spend an average of 73 days on the market before going under contract, compared to 76 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 January 2026, CORDOVA, TN 38016 is currently a Seller's Market. Inventory has tightened compared to last year, with 12 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 73 days on market compared to 76 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 $6,500 compared to a typical 5% commission on the median listing price of $325,000. 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.