Is Nesbit, MS 38651 a buyer’s or seller’s market?
Nesbit is a seller’s market. With about 3.4 months of supply and 8% 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 33% of U.S. ZIP codes, and #29 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 Nesbit housing market right now
In the three months ending August 31, 2026, 8% of homes in Nesbit, MS 38651 sold above their list price, the typical home went under contract in 52 days and there were 3.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 62 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 12%, homes sold faster (61 days then) and the median sale price held steady to $370,240. Overall, Nesbit is about as competitive as it was a year ago.
Within DeSoto County, homes here sell more slowly than in any other ZIP code in the county, and sell less often over asking than in 86%. On our competition score, Nesbit ranks #29 of 89 MS ZIP codes with enough sales (score 35 out of 100).
Nearby, buyers who want less competition could look at Lake Cormorant 38641 (0% sold over asking), while Horn Lake 38637 (23% sold over asking) and Walls 38680 (16% sold over asking) are even more competitive.
Run the numbers for 38651
Nearby markets
Hernando 38632Seller’s market $167 /sq ftHorn Lake 38637Seller’s market $145 /sq ftLake Cormorant 38641Balanced $172 /sq ftOlive Branch 38654Seller’s market $162 /sq ft Browse all markets →Towns like Nesbit nearby
Find towns like Nesbit in other states →Where Nesbit is
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Questions about Nesbit real estate
Is Nesbit a buyer’s or seller’s market?
A seller’s market: there were 3.4 months of supply in Nesbit, MS 38651 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 Nesbit?
The typical home went under contract in 52 days in the latest three months.
Do homes in Nesbit sell over asking?
8% of homes sold above their original list price, and the typical sale closed at 98.9% of the list price.
What are property taxes in Nesbit?
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 Nesbit?
The median sale price was $370,240 in the three months ending August 31, 2026, about $174 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