Is Smithville, MS 38870 a buyer’s or seller’s market?
Smithville is a seller’s market. With about 2.7 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 Smithville housing market right now
In the three months ending August 31, 2026, 0% of homes in Smithville, MS 38870 sold above their list price, the typical home went under contract in 56 days and there were 2.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 7 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 (25 days then) and the median sale price fell 2% to $219,805. Overall, Smithville is less competitive than a year ago, which gives buyers more room.
Within Monroe County, homes here sell faster than in 50% 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 38870
Nearby markets
Aberdeen 39730Buyer’s market $110 /sq ftAmory 38821Balanced $118 /sq ftGreenwood Springs 38848Seller’s market $282 /sq ftHamilton 39746Buyer’s market $117 /sq ft Browse all markets →Towns like Smithville nearby
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Questions about Smithville real estate
Is Smithville a buyer’s or seller’s market?
A seller’s market: there were 2.7 months of supply in Smithville, MS 38870 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 Smithville?
The typical home went under contract in 56 days in the latest three months.
Do homes in Smithville sell over asking?
0% of homes sold above their original list price.
What are property taxes in Smithville?
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 Smithville?
The median sale price was $219,805 in the three months ending August 31, 2026, about $143 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