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Is Grenada, MS 38901 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Grenada is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply6.4Under 4 months = seller’s market
Sold above original list18.2%Share of sales, last 3 months
Median sale-to-list106.2%Sold price ÷ list price
Median days on market49Listing to accepted offer
Median price per sq ft$112▲ +11.5% vs. last year

The Grenada housing market right now

In the three months ending August 31, 2026, 18% of homes in Grenada, MS 38901 sold above their list price, the typical home went under contract in 49 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 11 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (99 days then) and the median sale price rose 14% to $144,937. Overall, Grenada is more competitive than a year ago, so tougher for buyers.

Run the numbers for 38901

Prefilled for 38901Can I win this house?Multiple-offer likelihood for a listing Prefilled for 38901Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Gore Springs 38929Seller’s market $204 /sq ftHolcomb 38940 — /sq ft Browse all markets →

Towns like Grenada nearby

Find towns like Grenada in other states →
Winona, MS38967 · 21 miles away80% similarsmaller Batesville, MS38606 · 38 miles away75% similar11 min longer commute Greenwood, MS38930 · 28 miles away74% similarcheaper homes ($37K less) Water Valley, MS38965 · 28 miles away74% similarsmaller · 10 min longer commute

Where Grenada is

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Questions about Grenada real estate

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

A buyer’s market: there were 6.4 months of supply in Grenada, MS 38901 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 Grenada?

The typical home went under contract in 49 days in the latest three months.

Do homes in Grenada sell over asking?

18% of homes sold above their original list price, and the typical sale closed at 106.2% of the list price.

What are property taxes in Grenada?

About 1.02% of a home’s value a year in Grenada County, or roughly $4,080 on a $400,000 home.

What is the median home price in Grenada?

The median sale price was $144,937 in the three months ending August 31, 2026, about $112 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