Is Water Valley, MS 38965 a buyer’s or seller’s market?
Water Valley is a balanced market. With about 5.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 24% of U.S. ZIP codes, and #44 of 89 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Water Valley housing market right now
In the three months ending August 31, 2026, 0% of homes in Water Valley, MS 38965 sold above their list price, the typical home went under contract in 63 days and there were 5.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 16 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (72 days then) and the median sale price rose 20% to $270,133. Overall, Water Valley is more competitive than a year ago, so tougher for buyers.
On our competition score, Water Valley ranks #44 of 89 MS ZIP codes with enough sales (score 28 out of 100).
Run the numbers for 38965
Nearby markets
Coffeeville 38922Buyer’s market $100 /sq ftOakland 38948Seller’s market $170 /sq ftTillatoba 38961 — /sq ft Browse all markets →Towns like Water Valley nearby
Find towns like Water Valley in other states →Where Water Valley is
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Questions about Water Valley real estate
Is Water Valley a buyer’s or seller’s market?
A balanced market: there were 5.8 months of supply in Water Valley, MS 38965 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 Water Valley?
The typical home went under contract in 63 days in the latest three months.
Do homes in Water Valley sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 101.0% of the list price.
What are property taxes in Water Valley?
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 Water Valley?
The median sale price was $270,133 in the three months ending August 31, 2026, about $163 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