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Is Caledonia, MS 39740 a buyer’s or seller’s market?

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

Caledonia is a seller’s market. With about 1.6 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.

Months of supply1.6Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list93.1%Sold price ÷ list price
Median days on market81Listing to accepted offer
Median price per sq ft$143▼ −7.3% vs. last year

The Caledonia housing market right now

In the three months ending August 31, 2026, 0% of homes in Caledonia, MS 39740 sold above their list price, the typical home went under contract in 81 days and there were 1.6 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 fell from 33%, homes sold more slowly (7 days then) and the median sale price fell 46% to $144,937. Overall, Caledonia is less competitive than a year ago, which gives buyers more room.

Run the numbers for 39740

Prefilled for 39740Can I win this house?Multiple-offer likelihood for a listing Prefilled for 39740Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Columbus 39701Seller’s market $37 /sq ftColumbus 39702Seller’s market $125 /sq ftColumbus 39705Buyer’s market $145 /sq ft Browse all markets →

Towns like Caledonia nearby

Find towns like Caledonia in other states →
Steens, MS39766 · 8 miles away79% similarcheaper homes ($27K less) · smaller Columbus, MS39705 · 14 miles away68% similarpricier homes ($42K more) · larger Amory, MS38821 · 22 miles away67% similarlarger · older residents Smithville, MS38870 · 26 miles away64% similarcheaper homes ($51K less) · smaller

Where Caledonia is

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Questions about Caledonia real estate

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

A seller’s market: there were 1.6 months of supply in Caledonia, MS 39740 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 Caledonia?

The typical home went under contract in 81 days in the latest three months.

Do homes in Caledonia sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 93.1% of the list price.

What are property taxes in Caledonia?

About 0.60% of a home’s value a year in Lowndes County, or roughly $2,400 on a $400,000 home.

What is the median home price in Caledonia?

The median sale price was $144,937 in the three months ending August 31, 2026, about $143 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