Is Walnut, MS 38683 a buyer’s or seller’s market?
Walnut is a seller’s market. With about 3.8 months of supply and 0% 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.
The Walnut housing market right now
In the three months ending August 31, 2026, 0% of homes in Walnut, MS 38683 sold above their list price, the typical home went under contract in 62 days and there were 3.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 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 (202 days then) and the median sale price fell 58% to $139,440. Overall, Walnut is more competitive than a year ago, so tougher for buyers.
Within Tippah County, homes here sell faster than in 50% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Run the numbers for 38683
Nearby markets
Blue Mountain 38610Buyer’s market $66 /sq ftDumas 38625Seller’s market $150 /sq ftFalkner 38629 — /sq ftRipley 38663Buyer’s market $105 /sq ft Browse all markets →Towns like Walnut nearby
Find towns like Walnut in other states →Where Walnut is
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Questions about Walnut real estate
Is Walnut a buyer’s or seller’s market?
A seller’s market: there were 3.8 months of supply in Walnut, MS 38683 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 Walnut?
The typical home went under contract in 62 days in the latest three months.
Do homes in Walnut sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.3% of the list price.
What are property taxes in Walnut?
About 0.77% of a home’s value a year in Tippah County, or roughly $3,080 on a $400,000 home.
What is the median home price in Walnut?
The median sale price was $139,440 in the three months ending August 31, 2026, about $131 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