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Is Philadelphia, MS 39350 a buyer’s or seller’s market?

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

Philadelphia is a buyer’s market. With about 43.2 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply43.2Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list95.7%Sold price ÷ list price
Median days on market164Listing to accepted offer
Median price per sq ft$174▼ −55.0% vs. last year

The Philadelphia housing market right now

In the three months ending August 31, 2026, 0% of homes in Philadelphia, MS 39350 sold above their list price, the typical home went under contract in 164 days and there were 43.2 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 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 more slowly (107 days then) and the median sale price fell 48% to $147,286. Overall, Philadelphia is less competitive than a year ago, which gives buyers more room.

Run the numbers for 39350

Prefilled for 39350Can I win this house?Multiple-offer likelihood for a listing Prefilled for 39350Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Union 39365Buyer’s market $156 /sq ft Browse all markets →

Towns like Philadelphia nearby

Find towns like Philadelphia in other states →
Union, MS39365 · 8 miles away87% similarsmaller Morton, MS39117 · 37 miles away77% similarpricier homes ($28K more) · smaller Forest, MS39074 · 35 miles away76% similarsmaller · more apartments and townhomes De Kalb, MS39328 · 22 miles away72% similarsmaller · older residents

Where Philadelphia is

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Questions about Philadelphia real estate

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

A buyer’s market: there were 43.2 months of supply in Philadelphia, MS 39350 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 Philadelphia?

The typical home went under contract in 164 days in the latest three months.

Do homes in Philadelphia sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 95.7% of the list price.

What are property taxes in Philadelphia?

About 0.89% of a home’s value a year in Neshoba County, or roughly $3,560 on a $400,000 home.

What is the median home price in Philadelphia?

The median sale price was $147,286 in the three months ending August 31, 2026, about $174 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