Is Horn Lake, MS 38637 a buyer’s or seller’s market?
Horn Lake is a seller’s market. With about 3 months of supply and 23% 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 52% of U.S. ZIP codes, and #4 of 89 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 Horn Lake housing market right now
In the three months ending August 31, 2026, 23% of homes in Horn Lake, MS 38637 sold above their list price, the typical home went under contract in 29 days and there were 3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 55 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (24% then), homes sold more slowly (19 days then) and the median sale price fell 12% to $199,913. Overall, Horn Lake is less competitive than a year ago, which gives buyers more room.
Within DeSoto County, homes here sell faster than in 86% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Horn Lake ranks #4 of 89 MS ZIP codes with enough sales (score 51 out of 100).
Nearby, buyers who want less competition could look at Lake Cormorant 38641 (0% sold over asking) or Nesbit 38651 (8% sold over asking).
Run the numbers for 38637
Nearby markets
Hernando 38632Seller’s market $167 /sq ftLake Cormorant 38641Balanced $172 /sq ftNesbit 38651Seller’s market $174 /sq ftOlive Branch 38654Seller’s market $162 /sq ft Browse all markets →Towns like Horn Lake nearby
Find towns like Horn Lake in other states →Where Horn Lake is
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Questions about Horn Lake real estate
Is Horn Lake a buyer’s or seller’s market?
A seller’s market: there were 3 months of supply in Horn Lake, MS 38637 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 Horn Lake?
The typical home went under contract in 29 days in the latest three months.
Do homes in Horn Lake sell over asking?
23% of homes sold above their original list price, and the typical sale closed at 97.8% of the list price.
What are property taxes in Horn Lake?
About 0.60% of a home’s value a year in DeSoto County, or roughly $2,400 on a $400,000 home.
What is the median home price in Horn Lake?
The median sale price was $199,913 in the three months ending August 31, 2026, about $145 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