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Is Oakland, MS 38948 a buyer’s or seller’s market?

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

Oakland is a seller’s market. With about 2.4 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.

Months of supply2.4Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list95.8%Sold price ÷ list price
Median days on market87Listing to accepted offer
Median price per sq ft$170▼ −40.9% vs. last year

The Oakland housing market right now

In the three months ending August 31, 2026, 0% of homes in Oakland, MS 38948 sold above their list price, the typical home went under contract in 87 days and there were 2.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 4 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 faster (103 days then) and the median sale price fell 42% to $219,655. Overall, Oakland is more competitive than a year ago, so tougher for buyers.

Run the numbers for 38948

Prefilled for 38948Can I win this house?Multiple-offer likelihood for a listing Prefilled for 38948Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Coffeeville 38922Buyer’s market $100 /sq ftTillatoba 38961 — /sq ftWater Valley 38965Balanced $163 /sq ft Browse all markets →

Towns like Oakland nearby

Find towns like Oakland in other states →
Como, MS38619 · 30 miles away74% similarpricier homes ($56K more) · larger Duck Hill, MS38925 · 38 miles away65% similarpricier homes ($37K more) · younger residents Sardis, MS38666 · 24 miles away59% similarlarger · younger residents Coffeeville, MS38922 · 16 miles away58% similarlarger · younger residents

Where Oakland is

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Questions about Oakland real estate

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

A seller’s market: there were 2.4 months of supply in Oakland, MS 38948 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 Oakland?

The typical home went under contract in 87 days in the latest three months.

Do homes in Oakland sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 95.8% of the list price.

What are property taxes in Oakland?

About 0.66% of a home’s value a year in Yalobusha County, or roughly $2,640 on a $400,000 home.

What is the median home price in Oakland?

The median sale price was $219,655 in the three months ending August 31, 2026, about $170 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