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NESBIT, MS 38651

Real Estate Market Report  ·  DeSoto County
Seller's Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The NESBIT, MS real estate market (38651) currently shows 86 active listings, with 14 pending sales. Homes are averaging 60 days on the market before going under contract.

Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 60 days on market compared to 110 days last year.

The median listing price has fallen 1.4% year-over-year, from $399,000 to $393,400.

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Market Context

Market Context

Population: 8,536  ·  Density: 100.0/mi²  ·  Median household income: $109,399

Typical home value: $262,124  ·  Homeownership: 92.9%

Market Overview

Active Listings
86
⇩ 5.5% vs 91 last year
Pending
14
16% pending ratio
Median Price
$393,400
⇩ 1.4% vs $399,000 last year
Average Price
$430,282
⇩ 1.5% vs $436,615 last year
Days on Market
60
⇩ 45.5% vs 110 days last year

Price Per Square Foot

Median $/sqft
$178
⇧ 0.6% vs $177/sqft last year
Median Home Size
2,273 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 86 this year vs 91 last year
  • Days on market: 60 now vs 110 last year

Median & Average Pricing

Year over Year
  • Median: $393,400 (-1.4% YoY)
  • Average: $430,282 (-1.5% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 18.0 miles — 1,235 listings ($498,449,758 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
38651Nesbit, MS 386510.0 mi87$37,626,456$401,400$432,488
38637Horn Lake, MS 386374.9 mi54$14,868,684$227,000$275,346
38632Hernando, MS 386326.4 mi189$95,780,664$423,900$506,776
38116Memphis, TN 381169.7 mi72$13,091,688$171,725$181,829
38654Olive Branch, MS 3865410.6 mi330$142,347,480$399,975$431,356
38141Memphis, TN 3814112.0 mi38$7,629,792$182,375$200,784
38618Coldwater, MS 3861813.7 mi25$8,766,025$329,900$350,641
38114Memphis, TN 3811414.2 mi110$16,903,700$114,950$153,670
38125Memphis, TN 3812515.2 mi64$29,145,728$330,225$455,402
38119Memphis, TN 3811915.8 mi105$36,298,815$299,450$345,703
38126Memphis, TN 3812616.4 mi15$2,864,100$185,000$190,940
38138Germantown, TN 3813817.6 mi130$88,391,810$492,500$679,937
38105Memphis, TN 3810518.0 mi16$4,734,816$216,000$295,926

Frequently Asked Questions

How many homes are for sale in NESBIT, MS 38651?

As of September 2026, there are 86 active listings in NESBIT, MS (zip code 38651), compared to 91 the prior year.

What is the median home price in NESBIT, MS 38651?

The median listing price in NESBIT, MS 38651 is $393,400 as of September 2026, a 1.4% decrease from $399,000 the prior year.

How long do homes stay on the market in NESBIT, MS?

Homes in NESBIT, MS 38651 spend an average of 60 days on the market before going under contract, compared to 110 days the prior year.

Is it a seller's or buyer's market in NESBIT, MS 38651?

Based on current inventory and days-on-market data as of September 2026, NESBIT, MS 38651 is currently a Seller's Market. Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 60 days on market compared to 110 days last year.

How much can I save on real estate commission in NESBIT, MS?

With SELL123.com's maximum 3% commission, sellers in NESBIT, MS 38651 save an estimated $7,868 compared to a typical 5% commission on the median listing price of $393,400. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.