Is Greenwood Springs, MS 38848 a buyer’s or seller’s market?
Greenwood Springs 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 Greenwood Springs housing market right now
In the three months ending August 31, 2026, 0% of homes in Greenwood Springs, MS 38848 sold above their list price, the typical home went under contract in 74 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.
Within Monroe County, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Hamilton 39746 (50% sold over asking) is even more competitive.
Run the numbers for 38848
Nearby markets
Aberdeen 39730Buyer’s market $110 /sq ftAmory 38821Balanced $118 /sq ftHamilton 39746Buyer’s market $117 /sq ftSmithville 38870Seller’s market $143 /sq ft Browse all markets →Where Greenwood Springs is
Loading map…
Questions about Greenwood Springs real estate
Is Greenwood Springs a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Greenwood Springs, MS 38848 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 Greenwood Springs?
The typical home went under contract in 74 days in the latest three months.
Do homes in Greenwood Springs sell over asking?
0% of homes sold above their original list price.
What are property taxes in Greenwood Springs?
About 0.70% of a home’s value a year in Monroe County, or roughly $2,800 on a $400,000 home.
What is the median home price in Greenwood Springs?
The median sale price was $464,799 in the three months ending August 31, 2026, about $282 per square foot.
Local agents
See all agents in 38848 →No sponsored agents in 38848 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 38848
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology