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SHANNON, MS 38868

Real Estate Market Report  ·  Lee County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The SHANNON, MS real estate market (38868) currently shows 10 active listings, with 2 pending sales. Homes are averaging 92 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are selling faster, averaging 92 days on market compared to 116 days last year.

The median listing price has risen 9% year-over-year, from $237,450 to $258,725.

Whether you are buying or selling in SHANNON, MS, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 4,958  ·  Density: 26.2/mi²  ·  Median household income: $44,429

Typical home value: $115,592  ·  Homeownership: 74.1%

Market Overview

Active Listings
10
⇧ 42.9% vs 7 last year
Pending
2
20% pending ratio
Median Price
$258,725
⇧ 9% vs $237,450 last year
Average Price
$263,116
⇧ 1.7% vs $258,650 last year
Days on Market
92
⇩ 20.7% vs 116 days last year

Price Per Square Foot

Median $/sqft
$140
⇧ 1.4% vs $138/sqft last year
Median Home Size
1,983 sqft
Typical listing size
12-Month $/sqft Trend

Sale-to-List Price Dynamics

At Original Price
99%
Listings with no price change
Price Reduced
1%
12-Month Price Reduction Trend

Based on listing price changes before sale/pending as a proxy for sale-to-list dynamics. Source: Realtor.com.

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 10 this year vs 7 last year
  • Days on market: 92 now vs 116 last year

Median & Average Pricing

Year over Year
  • Median: $258,725 (+9% YoY)
  • Average: $263,116 (+1.7% 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 29.5 miles — 311 listings ($102,873,782 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
38868Shannon, MS 388680.0 mi9$2,464,821$265,950$273,869
38862Plantersville, MS 388627.9 mi5$962,050$207,500$192,410
38804Tupelo, MS 3880411.8 mi81$33,046,461$323,000$407,981
38826Belden, MS 3882613.7 mi26$9,226,828$318,700$354,878
38869Sherman, MS 3886917.0 mi2$930,000$465,000$465,000
38863Pontotoc, MS 3886317.3 mi45$13,907,160$251,875$309,048
38851Houston, MS 3885119.3 mi15$3,811,725$233,050$254,115
38855Mantachie, MS 3885520.5 mi8$1,861,264$205,225$232,658
39730Aberdeen, MS 3973022.2 mi39$9,781,590$245,475$250,810
38849Guntown, MS 3884923.2 mi31$11,896,250$342,125$383,750
38843Fulton, MS 3884323.5 mi45$13,799,925$265,000$306,665
39776Woodland, MS 3977628.5 mi1$364,900$364,900$364,900
38856Marietta, MS 3885629.5 mi4$820,808$224,988$205,202

Frequently Asked Questions

How many homes are for sale in SHANNON, MS 38868?

As of March 2026, there are 10 active listings in SHANNON, MS (zip code 38868), compared to 7 the prior year.

What is the median home price in SHANNON, MS 38868?

The median listing price in SHANNON, MS 38868 is $258,725 as of March 2026, a 9% increase from $237,450 the prior year.

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

Homes in SHANNON, MS 38868 spend an average of 92 days on the market before going under contract, compared to 116 days the prior year.

Is it a seller's or buyer's market in SHANNON, MS 38868?

Based on current inventory and days-on-market data as of March 2026, SHANNON, MS 38868 is currently a Balanced Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are selling faster, averaging 92 days on market compared to 116 days last year.

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

With SELL123.com's maximum 3% commission, sellers in SHANNON, MS 38868 save an estimated $5,175 compared to a typical 5% commission on the median listing price of $258,725. 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.