Is Okolona, MS 38860 a buyer’s or seller’s market?
Okolona is a buyer’s market. With about 9.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Okolona housing market right now
In the three months ending August 31, 2026, 0% of homes in Okolona, MS 38860 sold above their list price, the typical home went under contract in 236 days and there were 9.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 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 more slowly (40 days then) and the median sale price fell 39% to $112,401. Overall, Okolona is less competitive than a year ago, which gives buyers more room.
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Questions about Okolona real estate
Is Okolona a buyer’s or seller’s market?
A buyer’s market: there were 9.6 months of supply in Okolona, MS 38860 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 Okolona?
The typical home went under contract in 236 days in the latest three months.
Do homes in Okolona sell over asking?
0% of homes sold above their original list price.
What are property taxes in Okolona?
About 0.73% of a home’s value a year in Chickasaw County, or roughly $2,920 on a $400,000 home.
What is the median home price in Okolona?
The median sale price was $112,401 in the three months ending August 31, 2026, about $45 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