Is Kokomo, MS 39643 a buyer’s or seller’s market?
Kokomo is a seller’s market. With about 3.2 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.
The Kokomo housing market right now
In the three months ending August 31, 2026, 0% of homes in Kokomo, MS 39643 sold above their list price, the typical home went under contract in 19 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. 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 faster (95 days then) and the median sale price held steady to $177,173. Overall, Kokomo is more competitive than a year ago, so tougher for buyers.
Run the numbers for 39643
Nearby markets
Columbia 39429Buyer’s market $87 /sq ftFoxworth 39483Seller’s market $96 /sq ftSandy Hook 39478Buyer’s market $83 /sq ft Browse all markets →Where Kokomo is
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Questions about Kokomo real estate
Is Kokomo a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Kokomo, MS 39643 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 Kokomo?
The typical home went under contract in 19 days in the latest three months.
Do homes in Kokomo sell over asking?
0% of homes sold above their original list price.
What are property taxes in Kokomo?
About 0.75% of a home’s value a year in Marion County, or roughly $3,000 on a $400,000 home.
What is the median home price in Kokomo?
The median sale price was $177,173 in the three months ending August 31, 2026, about $31 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