Is Red Banks, MS 38661 a buyer’s or seller’s market?
Red Banks is a buyer’s market. With about 9.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Red Banks housing market right now
In the three months ending August 31, 2026, 0% of homes in Red Banks, MS 38661 sold above their list price, the typical home went under contract in 110 days and there were 9.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, 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 33%, homes sold more slowly (47 days then) and the median sale price fell 30% to $408,823. Overall, Red Banks is less competitive than a year ago, which gives buyers more room.
Within Marshall County, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Waterford 38685 (100% sold over asking) and Byhalia 38611 (12% sold over asking) are even more competitive.
Run the numbers for 38661
Nearby markets
Byhalia 38611Seller’s market $177 /sq ftHolly Springs 38635Balanced $133 /sq ftPotts Camp 38659Seller’s market $95 /sq ftWaterford 38685Buyer’s market $158 /sq ft Browse all markets →Towns like Red Banks nearby
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Questions about Red Banks real estate
Is Red Banks a buyer’s or seller’s market?
A buyer’s market: there were 9.6 months of supply in Red Banks, MS 38661 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 Red Banks?
The typical home went under contract in 110 days in the latest three months.
Do homes in Red Banks sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.
What are property taxes in Red Banks?
About 0.72% of a home’s value a year in Marshall County, or roughly $2,880 on a $400,000 home.
What is the median home price in Red Banks?
The median sale price was $408,823 in the three months ending August 31, 2026, about $213 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