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Is Belmont, MS 38827 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Belmont is a balanced market. With about 4.5 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply4.5Under 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 market34Listing to accepted offer
Median price per sq ft$60▼ −20.7% vs. last year

The Belmont housing market right now

In the three months ending August 31, 2026, 0% of homes in Belmont, MS 38827 sold above their list price, the typical home went under contract in 34 days and there were 4.5 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. 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 (145 days then) and the median sale price rose 9% to $159,831. Overall, Belmont is more competitive than a year ago, so tougher for buyers.

Nearby, Iuka 38852 (2% sold over asking) is even more competitive.

Run the numbers for 38827

Prefilled for 38827Can I win this house?Multiple-offer likelihood for a listing Prefilled for 38827Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Burnsville 38833 — /sq ftDennis 38838 — /sq ftIuka 38852Buyer’s market $134 /sq ftTishomingo 38873Seller’s market $81 /sq ft Browse all markets →

Towns like Belmont nearby

Find towns like Belmont in other states →
Burnsville, MS38833 · 24 miles away86% similaryounger residents Michie, TN38357 · 40 miles away82% similarpricier homes ($25K more) · more homeowners Rienzi, MS38865 · 28 miles away77% similarcheaper homes ($51K less) · larger Cherokee, AL35616 · 22 miles away76% similarcheaper homes ($42K less) · older residents

Where Belmont is

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Questions about Belmont real estate

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

A balanced market: there were 4.5 months of supply in Belmont, MS 38827 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 Belmont?

The typical home went under contract in 34 days in the latest three months.

Do homes in Belmont sell over asking?

0% of homes sold above their original list price.

What are property taxes in Belmont?

About 0.49% of a home’s value a year in Tishomingo County, or roughly $1,960 on a $400,000 home.

What is the median home price in Belmont?

The median sale price was $159,831 in the three months ending August 31, 2026, about $60 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