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Is Raleigh, MS 39153 a buyer’s or seller’s market?

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

Raleigh is a buyer’s market. With about 16 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply16Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list92.6%Sold price ÷ list price
Median days on market169Listing to accepted offer
Median price per sq ft$312▲ +336.4% vs. last year

The Raleigh housing market right now

In the three months ending August 31, 2026, 0% of homes in Raleigh, MS 39153 sold above their list price, the typical home went under contract in 169 days and there were 16 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 20%, homes sold more slowly (155 days then) and the median sale price rose 14% to $124,946. Overall, Raleigh is less competitive than a year ago, which gives buyers more room.

Nearby, Pulaski 39152 (100% sold over asking) is even more competitive.

Run the numbers for 39153

Prefilled for 39153Can I win this house?Multiple-offer likelihood for a listing Prefilled for 39153Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Mize 39116Buyer’s market $289 /sq ftPulaski 39152 $33 /sq ftTaylorsville 39168Buyer’s market $174 /sq ft Browse all markets →

Towns like Raleigh nearby

Find towns like Raleigh in other states →
Bassfield, MS39421 · 39 miles away89% similarVery close on income, prices and more Stringer, MS39481 · 20 miles away79% similarpricier homes ($67K more) · smaller Chunky, MS39323 · 38 miles away77% similarsmaller · newer homes Mize, MS39116 · 15 miles away75% similarpricier homes ($39K more) · 10 min shorter commute

Where Raleigh is

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Questions about Raleigh real estate

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

A buyer’s market: there were 16 months of supply in Raleigh, MS 39153 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 Raleigh?

The typical home went under contract in 169 days in the latest three months.

Do homes in Raleigh sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 92.6% of the list price.

What are property taxes in Raleigh?

About 0.42% of a home’s value a year in Smith County, or roughly $1,680 on a $400,000 home.

What is the median home price in Raleigh?

The median sale price was $124,946 in the three months ending August 31, 2026, about $312 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