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Is Monticello, MS 39654 a buyer’s or seller’s market?

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

Monticello is a buyer’s market. With about 10.7 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply10.7Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list98.4%Sold price ÷ list price
Median days on market44Listing to accepted offer
Median price per sq ft$81▲ +49.4% vs. last year

The Monticello housing market right now

In the three months ending August 31, 2026, 0% of homes in Monticello, MS 39654 sold above their list price, the typical home went under contract in 44 days and there were 10.7 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 3 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 (84 days then) and the median sale price fell 40% to $149,935. Overall, Monticello is more competitive than a year ago, so tougher for buyers.

Run the numbers for 39654

Prefilled for 39654Can I win this house?Multiple-offer likelihood for a listing Prefilled for 39654Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Jayess 39641Seller’s market $117 /sq ftSilver Creek 39663Seller’s market $58 /sq ftSontag 39665 — /sq ft Browse all markets →

Towns like Monticello nearby

Find towns like Monticello in other states →
Prentiss, MS39474 · 16 miles away87% similar6 min longer commute Columbia, MS39429 · 27 miles away87% similarpricier homes ($35K more) · larger Hazlehurst, MS39083 · 28 miles away87% similarlarger Tylertown, MS39667 · 26 miles away86% similarpricier homes ($31K more) · larger

Where Monticello is

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Questions about Monticello real estate

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

A buyer’s market: there were 10.7 months of supply in Monticello, MS 39654 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 Monticello?

The typical home went under contract in 44 days in the latest three months.

Do homes in Monticello sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 98.4% of the list price.

What are property taxes in Monticello?

About 0.67% of a home’s value a year in Lawrence County, or roughly $2,680 on a $400,000 home.

What is the median home price in Monticello?

The median sale price was $149,935 in the three months ending August 31, 2026, about $81 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