Is Southaven, MS 38671 a buyer’s or seller’s market?

The Southaven housing market right now

In the three months ending August 31, 2026, 14% of homes in Southaven, MS 38671 sold above their list price, the typical home went under contract in 31 days and there were 2.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 116 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (13% then), homes sold more slowly (24 days then) and the median sale price fell 3% to $238,397. Overall, Southaven is about as competitive as it was a year ago.

Within DeSoto County, homes here sell faster than in 71% of the county’s ZIP codes, and sell more often over asking than in 71%. On our competition score, Southaven ranks #5 of 89 MS ZIP codes with enough sales (score 51 out of 100).

Nearby, buyers who want less competition could look at Lake Cormorant 38641 (0% sold over asking) or Nesbit 38651 (8% sold over asking), while Horn Lake 38637 (23% sold over asking) is even more competitive.