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Is Lamar, MS 38642 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Lamar is a balanced market. With about 4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply4Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list96.3%Sold price ÷ list price
Median days on market39Listing to accepted offer
Median price per sq ft$162▼ −0.4% vs. last year

The Lamar housing market right now

In the three months ending August 31, 2026, 0% of homes in Lamar, MS 38642 sold above their list price, the typical home went under contract in 39 days and there were 4 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 4 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (168 days then) and the median sale price fell 13% to $404,775. Overall, Lamar is more competitive than a year ago, so tougher for buyers.

Run the numbers for 38642

Prefilled for 38642Can I win this house?Multiple-offer likelihood for a listing Prefilled for 38642Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Ashland 38603Buyer’s market $138 /sq ftHickory Flat 38633Buyer’s market $104 /sq ftMichigan City 38647 — /sq ft Browse all markets →

Towns like Lamar nearby

Find towns like Lamar in other states →
Middleton, TN38052 · 26 miles away92% similarlarger Toone, TN38381 · 37 miles away89% similarcheaper homes ($33K less) Mason, TN38049 · 38 miles away83% similarlarger · older residents Abbeville, MS38601 · 32 miles away80% similarpricier homes ($47K more) · older residents

Where Lamar is

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Questions about Lamar real estate

Is Lamar a buyer’s or seller’s market?

A balanced market: there were 4 months of supply in Lamar, MS 38642 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 Lamar?

The typical home went under contract in 39 days in the latest three months.

Do homes in Lamar sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 96.3% of the list price.

What are property taxes in Lamar?

About 0.69% of a home’s value a year in Benton County, or roughly $2,760 on a $400,000 home.

What is the median home price in Lamar?

The median sale price was $404,775 in the three months ending August 31, 2026, about $162 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