Michelle Mason's Market Report
Water Valley, MS 38965
Single-Family Homes
NMLS 556855 | 662-371-1497 | mmason@firstcommercialbk.com
Water Valley, MS 38965
Fri Jun 05 2026
This week the median list price for Water Valley, MS 38965 is $263,000 with the market action index hovering around 35. This is an increase over last month's market action index of 32. Inventory has decreased to 19.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $263,000 | |
| Median Price of New Listings | $80,000 | |
| Per Square Foot | $139 | |
| Average Days on Market | 90 | |
| Median Days on Market | 70 | |
| Price Decreased | 63% | |
| Price Increased | 0% | |
| Relisted | 21% | |
| Inventory | 19 | |
| Median Rent | ||
| Market Action | 35 | |
| Slight Seller's Advantage | ||
Though in this zip code this week saw relatively little price change from last week, the market seems to be show some signs of strength. Keep an eye on the Market Action Index to see if this short-term trend can establish itself over the coming months.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $399,900 | 3,331 | 0.5 - 1 acre | 4 | 2.5 | 76 | 0 | 0 | 28 |
| $285,000 | 1,763 | 0.5 - 1 acre | 3 | 2 | 105 | 0 | 0 | 56 |
| $229,900 | 1,291 | 1 - 2.5 acres | 3 | 2 | 45 | 0 | 0 | 105 |
| $94,950 | 1,338 | 0.5 - 1 acre | 3 | 2 | 50 | 1 | 0 | 91 |