Is Michigan City, MS 38647 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

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

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Michigan City housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Benton County, MS

Population	994
Median income	$62,820
Average income	$62,785
Median home value	$94,300
Owner-occupied	80% of homes
Median year built	1999

Natural hazard riskTornadoes (relatively high), earthquakes (moderate), extreme heat (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 38647; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 38647

Prefilled for 38647Can I win this house?Multiple-offer likelihood for a listing Prefilled for 38647Over-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 ft Hickory Flat 38633Buyer’s market $104 /sq ft Lamar 38642Balanced $162 /sq ft Browse all markets →

Where Michigan City is

Loading map…

Questions about Michigan City real estate

What are property taxes in Michigan City?

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

Local agents

See all agents in 38647 →

No sponsored agents in 38647 yet. Are you an agent here? Put your name in front of local buyers.

Save this ZIP (free account)

More tools for 38647

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Benton County property taxes Benton County loan limits Closing costs in Mississippi Hottest ZIP codes in Mississippi

Add this to your website

Free to use. Paste this code where you want the live widget to appear. It updates automatically. More widgets

JavaScript (recommended) iframe only

<div class="offerbacked-widget" data-widget="zip" data-zip="38647"><a href="https://offerbacked.com/market/38647">Michigan City, MS 38647 housing market data from OfferBacked</a></div>
<script async src="https://offerbacked.com/widget.js"></script>

Sizes itself to fit. If your site builder removes scripts, use “iframe only”.

Preview Dark version

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology