Is Lake Cormorant, MS 38641 a buyer’s or seller’s market?
Lake Cormorant is a balanced market. With about 5.6 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Lake Cormorant housing market right now
In the three months ending August 31, 2026, 0% of homes in Lake Cormorant, MS 38641 sold above their list price, the typical home went under contract in 38 days and there were 5.6 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 8 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 20%, homes sold more slowly (19 days then) and the median sale price rose 29% to $396,478. Overall, Lake Cormorant is less competitive than a year ago, which gives buyers more room.
Within DeSoto County, homes here sell more slowly than in 57% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Horn Lake 38637 (23% sold over asking) and Walls 38680 (16% sold over asking) are even more competitive.
Run the numbers for 38641
Nearby markets
Hernando 38632Seller’s market $167 /sq ftHorn Lake 38637Seller’s market $145 /sq ftNesbit 38651Seller’s market $174 /sq ftOlive Branch 38654Seller’s market $162 /sq ft Browse all markets →Towns like Lake Cormorant nearby
Find towns like Lake Cormorant in other states →Where Lake Cormorant is
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Questions about Lake Cormorant real estate
Is Lake Cormorant a buyer’s or seller’s market?
A balanced market: there were 5.6 months of supply in Lake Cormorant, MS 38641 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 Lake Cormorant?
The typical home went under contract in 38 days in the latest three months.
Do homes in Lake Cormorant sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 99.0% of the list price.
What are property taxes in Lake Cormorant?
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 Lake Cormorant?
The median sale price was $396,478 in the three months ending August 31, 2026, about $172 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