Is Guntown, MS 38849 a buyer’s or seller’s market?
Guntown is a seller’s market. With about 2.8 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.
The Guntown housing market right now
In the three months ending August 31, 2026, 0% of homes in Guntown, MS 38849 sold above their list price, the typical home went under contract in 59 days and there were 2.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 17 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (15 days then) and the median sale price rose 57% to $254,890. Overall, Guntown is less competitive than a year ago, which gives buyers more room.
Within Lee County, homes here sell more slowly than in 83% 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 38849
Nearby markets
Mooreville 38857Seller’s market $168 /sq ftPlantersville 38862Buyer’s market $104 /sq ftSaltillo 38866Seller’s market $148 /sq ftShannon 38868Buyer’s market $109 /sq ft Browse all markets →Towns like Guntown nearby
Find towns like Guntown in other states →Where Guntown is
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Questions about Guntown real estate
Is Guntown a buyer’s or seller’s market?
A seller’s market: there were 2.8 months of supply in Guntown, MS 38849 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 Guntown?
The typical home went under contract in 59 days in the latest three months.
Do homes in Guntown sell over asking?
0% of homes sold above their original list price.
What are property taxes in Guntown?
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 Guntown?
The median sale price was $254,890 in the three months ending August 31, 2026, about $154 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