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LAKE CORMORANT, MS 38641

Real Estate Market Report  ·  DeSoto County
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The LAKE CORMORANT, MS real estate market (38641) currently shows 8 active listings, with 1 pending sales. Homes are averaging 85 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 85 days on market compared to 30 days last year.

The median listing price has risen 14.9% year-over-year, from $309,950 to $356,250.

Whether you are buying or selling in LAKE CORMORANT, MS, 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: 2,030  ·  Density: 10.2/mi²  ·  Median household income: $76,406

Typical home value: $170,355  ·  Homeownership: 94.6%

Market Overview

Active Listings
8
vs 8 last year
Pending
1
13% pending ratio
Median Price
$356,250
⇧ 14.9% vs $309,950 last year
Average Price
$500,708
⇧ 17.1% vs $427,524 last year
Days on Market
85
⇧ 183.3% vs 30 days last year

Price Per Square Foot

Median $/sqft
$168
⇧ 0.6% vs $167/sqft last year
Median Home Size
2,209 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 85 now vs 30 last year

Median & Average Pricing

Year over Year
  • Median: $356,250 (+14.9% YoY)
  • Average: $500,708 (+17.1% 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 20.4 miles — 1,023 listings ($269,214,855 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
38641Lake Cormorant, MS 386410.0 mi10$4,277,670$317,500$427,767
38637Horn Lake, MS 386378.3 mi54$14,522,652$225,000$268,938
38651Nesbit, MS 3865110.4 mi85$36,966,585$395,000$434,901
38671Southaven, MS 3867111.5 mi105$28,806,855$264,900$274,351
38116Memphis, TN 3811613.2 mi70$12,959,520$175,000$185,136
38672Southaven, MS 3867213.6 mi111$45,099,411$398,450$406,301
72301West Memphis, AR 7230115.7 mi107$21,343,290$167,200$199,470
38118Memphis, TN 3811817.0 mi102$14,422,086$139,000$141,393
38114Memphis, TN 3811417.3 mi105$15,963,990$120,525$152,038
38104Memphis, TN 3810418.7 mi143$49,279,659$299,000$344,613
38676Tunica, MS 3867619.2 mi4$392,000$98,000$98,000
38618Coldwater, MS 3861820.1 mi23$7,843,713$329,900$341,031
38107Memphis, TN 3810720.4 mi104$17,337,424$141,250$166,706

Frequently Asked Questions

How many homes are for sale in LAKE CORMORANT, MS 38641?

As of February 2026, there are 8 active listings in LAKE CORMORANT, MS (zip code 38641), compared to 8 the prior year.

What is the median home price in LAKE CORMORANT, MS 38641?

The median listing price in LAKE CORMORANT, MS 38641 is $356,250 as of February 2026, a 14.9% increase from $309,950 the prior year.

How long do homes stay on the market in LAKE CORMORANT, MS?

Homes in LAKE CORMORANT, MS 38641 spend an average of 85 days on the market before going under contract, compared to 30 days the prior year.

Is it a seller's or buyer's market in LAKE CORMORANT, MS 38641?

Based on current inventory and days-on-market data as of February 2026, LAKE CORMORANT, MS 38641 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 85 days on market compared to 30 days last year.

How much can I save on real estate commission in LAKE CORMORANT, MS?

With SELL123.com's maximum 3% commission, sellers in LAKE CORMORANT, MS 38641 save an estimated $7,125 compared to a typical 5% commission on the median listing price of $356,250. 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.