Is Canton, MS 39046 a buyer’s or seller’s market?
Canton is a balanced market. With about 4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 32% of U.S. ZIP codes, and #30 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 Canton housing market right now
In the three months ending August 31, 2026, 14% of homes in Canton, MS 39046 sold above their list price, the typical home went under contract in 53 days and there were 4 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 103 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 10%, homes sold more slowly (48 days then) and the median sale price rose 3% to $316,863. Overall, Canton is about as competitive as it was a year ago.
On our competition score, Canton ranks #30 of 89 MS ZIP codes with enough sales (score 35 out of 100).
Nearby, buyers who want less competition could look at Flora 39071 (0% sold over asking) or Madison 39110 (12% sold over asking).
Run the numbers for 39046
Nearby markets
Camden 39045 — /sq ftFlora 39071Seller’s market $215 /sq ftMadison 39110Seller’s market $180 /sq ftPickens 39146 — /sq ft Browse all markets →Towns like Canton nearby
Find towns like Canton in other states →Where Canton is
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Questions about Canton real estate
Is Canton a buyer’s or seller’s market?
A balanced market: there were 4 months of supply in Canton, MS 39046 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 Canton?
The typical home went under contract in 53 days in the latest three months.
Do homes in Canton sell over asking?
14% of homes sold above their original list price, and the typical sale closed at 98.3% of the list price.
What are property taxes in Canton?
About 0.68% of a home’s value a year in Madison County, or roughly $2,720 on a $400,000 home.
What is the median home price in Canton?
The median sale price was $316,863 in the three months ending August 31, 2026, about $177 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