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Is Summit, MS 39666 a buyer’s or seller’s market?

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

Summit is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply6.4Under 4 months = seller’s market
Sold above original list22.2%Share of sales, last 3 months
Median sale-to-list97%Sold price ÷ list price
Median days on market22Listing to accepted offer
Median price per sq ft$105▼ −6.0% vs. last year

The Summit housing market right now

In the three months ending August 31, 2026, 22% of homes in Summit, MS 39666 sold above their list price, the typical home went under contract in 22 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 9 sales, 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 27%, homes sold faster (64 days then) and the median sale price rose 27% to $190,917. Overall, Summit is more competitive than a year ago, so tougher for buyers.

Nearby, buyers who want less competition could look at Osyka 39657 (0% sold over asking) or Magnolia 39652 (0% sold over asking).

Run the numbers for 39666

Prefilled for 39666Can I win this house?Multiple-offer likelihood for a listing Prefilled for 39666Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Fernwood 39635 — /sq ftMagnolia 39652Buyer’s market $105 /sq ftMccomb 39648Buyer’s market $92 /sq ftOsyka 39657Balanced $147 /sq ft Browse all markets →

Towns like Summit nearby

Find towns like Summit in other states →
Brookhaven, MS39601 · 20 miles away91% similarlarger Amite, LA70422 · 40 miles away85% similar8 min longer commute Wesson, MS39191 · 27 miles away82% similarcheaper homes ($30K less) · 7 min longer commute Columbia, MS39429 · 39 miles away82% similar8 min longer commute

Where Summit is

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Questions about Summit real estate

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

A buyer’s market: there were 6.4 months of supply in Summit, MS 39666 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 Summit?

The typical home went under contract in 22 days in the latest three months.

Do homes in Summit sell over asking?

22% of homes sold above their original list price, and the typical sale closed at 97.0% of the list price.

What are property taxes in Summit?

About 0.88% of a home’s value a year in Pike County, or roughly $3,520 on a $400,000 home.

What is the median home price in Summit?

The median sale price was $190,917 in the three months ending August 31, 2026, about $105 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