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Is Mc Gehee, AR 71654 a buyer’s or seller’s market?

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

Mc Gehee is a buyer’s market. With about 13.9 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply13.9Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list90.8%Sold price ÷ list price
Median days on market134Listing to accepted offer
Median price per sq ft$68▼ −5.4% vs. last year

The Mc Gehee housing market right now

In the three months ending August 31, 2026, 0% of homes in Mc Gehee, AR 71654 sold above their list price, the typical home went under contract in 134 days and there were 13.9 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 more slowly (17 days then) and the median sale price fell 3% to $125,946. Overall, Mc Gehee is less competitive than a year ago, which gives buyers more room.

Run the numbers for 71654

Prefilled for 71654Can I win this house?Multiple-offer likelihood for a listing Prefilled for 71654Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Arkansas City 71630 — /sq ftTillar 71670Seller’s market $101 /sq ftWatson 71674 — /sq ft Browse all markets →

Towns like Mc Gehee nearby

Find towns like Mc Gehee in other states →
Greenville, MS38703 · 26 miles away90% similarlarger Dumas, AR71639 · 19 miles away84% similarVery close on income, prices and more Greenville, MS38701 · 26 miles away75% similarpricier homes ($30K more) · larger Leland, MS38756 · 33 miles away74% similarmore homeowners

Where Mc Gehee is

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Questions about Mc Gehee real estate

Is Mc Gehee a buyer’s or seller’s market?

A buyer’s market: there were 13.9 months of supply in Mc Gehee, AR 71654 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 Mc Gehee?

The typical home went under contract in 134 days in the latest three months.

Do homes in Mc Gehee sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 90.8% of the list price.

What are property taxes in Mc Gehee?

About 0.54% of a home’s value a year in Desha County, or roughly $2,160 on a $400,000 home.

What is the median home price in Mc Gehee?

The median sale price was $125,946 in the three months ending August 31, 2026, about $68 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