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Is Leland, MS 38756 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Leland is a buyer’s market. With about 7.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply7.8Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list—Sold price ÷ list price
Median days on market23Listing to accepted offer
Median price per sq ft$102▲ +35.8% vs. last year

The Leland housing market right now

In the three months ending August 31, 2026, 0% of homes in Leland, MS 38756 sold above their list price, the typical home went under contract in 23 days and there were 7.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 7 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 (87 days then) and the median sale price rose 3% to $169,427. Overall, Leland is more competitive than a year ago, so tougher for buyers.

Within Washington County, homes here sell faster, and less often over asking, than in any other ZIP code in the county.

Nearby, Greenville 38701 (4% sold over asking) is even more competitive.

Run the numbers for 38756

Prefilled for 38756Can I win this house?Multiple-offer likelihood for a listing Prefilled for 38756Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Avon 38723 $51 /sq ftGlen Allan 38744 — /sq ftGreenville 38701Balanced $92 /sq ftGreenville 38703Balanced $64 /sq ft Browse all markets →

Towns like Leland nearby

Find towns like Leland in other states →
Lake Village, AR71653 · 24 miles away90% similarpricier homes ($40K more) Rolling Fork, MS39159 · 36 miles away86% similarsmaller Indianola, MS38751 · 14 miles away84% similarlarger · more renters Greenville, MS38701 · 9 miles away80% similarlarger · more renters

Where Leland is

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Questions about Leland real estate

Is Leland a buyer’s or seller’s market?

A buyer’s market: there were 7.8 months of supply in Leland, MS 38756 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 Leland?

The typical home went under contract in 23 days in the latest three months.

Do homes in Leland sell over asking?

0% of homes sold above their original list price.

What are property taxes in Leland?

About 0.86% of a home’s value a year in Washington County, or roughly $3,440 on a $400,000 home.

What is the median home price in Leland?

The median sale price was $169,427 in the three months ending August 31, 2026, about $102 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