My Market Report
Water Valley, MS 38965
Single-Family Homes
NMLS 556855 | 662-371-1497 | mmason@story.bank
Water Valley, MS 38965
Tue Oct 20 2026
This week the median list price for Water Valley, MS 38965 is $318,000 with the market action index hovering around 27. This is an increase over last month's market action index of 25. Inventory has increased to 29.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
Home sales have been exceeding new inventory for several weeks. While still a Buyer's market, prices seem to have responded by moving upward. If the demand trends continue, expect prices to keep marching upward, especially once we see a Seller's Market.
Real-Time Market Profile
| Median List Price | $318,000 | |
| Median Price of New Listings | $309,950 | |
| Per Square Foot | $165 | |
| Average Days on Market | 126 | |
| Median Days on Market | 84 | |
| Price Decreased | 38% | |
| Price Increased | 0% | |
| Relisted | 14% | |
| Inventory | 29 | |
| Median Rent | ||
| Market Action | 27 | |
| Slight Buyer's Advantage | ||
While this week the median price in this zip code didn't fluctuate much, we continue to sit at all time high prices. Watch for persistent downward shift in the Market Action Index into the Buyer's zone as a leading indicator of the price strength subsiding.
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 |
|---|---|---|---|---|---|---|---|---|
| $444,950 | 2,752 | 5 - 10 acres | 3 | 2.3 | 20 | 1 | 1 | 91 |
| $328,000 | 1,573 | 0.25 - 0.5 acre | 3 | 3 | 0 | 0 | 0 | 21 |
| $279,500 | 2,117 | 1 - 2.5 acres | 3 | 2 | 28 | 0 | 0 | 84 |
| $195,000 | 1,376 | 0.5 - 1 acre | 3 | 1 | 61 | 1 | 1 | 203 |