Is Alligator, MS 38720 a buyer’s or seller’s market?
Alligator is a seller’s market. With about 3.2 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 Alligator housing market right now
In the three months ending August 31, 2026, 0% of homes in Alligator, MS 38720 sold above their list price, the typical home went under contract in 213 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. 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 was about the same (0% then), homes sold more slowly (9 days then) and the median sale price fell 63% to $41,982. Overall, Alligator is less competitive than a year ago, which gives buyers more room.
Run the numbers for 38720
Nearby markets
Clarksdale 38614Balanced $64 /sq ftCoahoma 38617Seller’s market $66 /sq ftLyon 38645Buyer’s market $26 /sq ft Browse all markets →Where Alligator is
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Questions about Alligator real estate
Is Alligator a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Alligator, MS 38720 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 Alligator?
The typical home went under contract in 213 days in the latest three months.
Do homes in Alligator sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 80.8% of the list price.
What are property taxes in Alligator?
About 1.12% of a home’s value a year in Coahoma County, or roughly $4,480 on a $400,000 home.
What is the median home price in Alligator?
The median sale price was $41,982 in the three months ending August 31, 2026, about $33 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