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Is Tupelo, MS 38804 a buyer’s or seller’s market?

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

Tupelo 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.

Months of supply3.8Under 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 market25Listing to accepted offer
Median price per sq ft$155▲ +18.8% vs. last year

The Tupelo housing market right now

In the three months ending August 31, 2026, 0% of homes in Tupelo, MS 38804 sold above their list price, the typical home went under contract in 25 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. That’s based on 57 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (32 days then) and the median sale price rose 32% to $289,775. Overall, Tupelo is about as competitive as it was a year ago.

Within Lee County, homes here sell faster than in 67% 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 38804

Prefilled for 38804Can I win this house?Multiple-offer likelihood for a listing Prefilled for 38804Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Guntown 38849Seller’s market $154 /sq ftMooreville 38857Seller’s market $168 /sq ftPlantersville 38862Buyer’s market $104 /sq ftSaltillo 38866Seller’s market $148 /sq ft Browse all markets →

Towns like Tupelo nearby

Find towns like Tupelo in other states →
Tupelo, MS38801 · 3 miles away95% similarlarger New Albany, MS38652 · 24 miles away88% similarcheaper homes ($54K less) Belden, MS38826 · 10 miles away81% similarpricier homes ($34K more) · smaller Pontotoc, MS38863 · 19 miles away81% similarcheaper homes ($63K less)

Where Tupelo is

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Questions about Tupelo real estate

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

A seller’s market: there were 3.8 months of supply in Tupelo, MS 38804 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 Tupelo?

The typical home went under contract in 25 days in the latest three months.

Do homes in Tupelo sell over asking?

0% of homes sold above their original list price.

What are property taxes in Tupelo?

About 0.69% of a home’s value a year in Lee County, or roughly $2,760 on a $400,000 home.

What is the median home price in Tupelo?

The median sale price was $289,775 in the three months ending August 31, 2026, about $155 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