Is Cordova, TN 38018 a buyer’s or seller’s market?
Cordova is a seller’s market. With about 3.1 months of supply and 22% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 54% of U.S. ZIP codes, and #15 of 299 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Cordova housing market right now
In the three months ending August 31, 2026, 22% of homes in Cordova, TN 38018 sold above their list price, the typical home went under contract in 27 days and there were 3.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 140 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 18%, homes sold more slowly (25 days then) and the median sale price fell 2% to $299,870. Overall, Cordova is about as competitive as it was a year ago.
Within Shelby County, homes here sell faster than in 69% of the county’s ZIP codes, and sell more often over asking than in 97%. On our competition score, Cordova ranks #15 of 299 TN ZIP codes with enough sales (score 53 out of 100).
Nearby, buyers who want less competition could look at Memphis 38105 (0% sold over asking) or Ellendale 38029 (0% sold over asking), while Memphis 38126 (50% sold over asking) is even more competitive.
Run the numbers for 38018
Nearby markets
Arlington 38002Seller’s market $164 /sq ftCollierville 38017Seller’s market $180 /sq ftCordova 38016Seller’s market $133 /sq ftEllendale 38029 $109 /sq ft Browse all markets →Towns like Cordova nearby
Find towns like Cordova in other states →Where Cordova is
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Questions about Cordova real estate
Is Cordova a buyer’s or seller’s market?
A seller’s market: there were 3.1 months of supply in Cordova, TN 38018 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Cordova?
The typical home went under contract in 27 days in the latest three months.
Do homes in Cordova sell over asking?
22% of homes sold above their original list price, and the typical sale closed at 98.3% of the list price.
What are property taxes in Cordova?
About 0.98% of a home’s value a year in Shelby County, or roughly $3,920 on a $400,000 home.
What is the median home price in Cordova?
The median sale price was $299,870 in the three months ending August 31, 2026, about $147 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology