Call or Text (240) SELL-123

SHANNON, MS 38868

Real Estate Market Report  ·  Lee County
Buyer's Market
April 2026  ·  Source: Realtor.com

Market Analysis

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

The SHANNON, MS real estate market (38868) currently shows 12 active listings, with 1 pending sales. Homes are averaging 88 days on the market before going under contract.

Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 88 days on market compared to 56 days last year.

The median listing price has fallen 23.9% year-over-year, from $318,650 to $242,425.

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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for SHANNON, MS 38868 and connect with motivated buyers & sellers.
Contact SELL123.com →

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
12
⇧ 71.4% vs 7 last year
Pending
1
8% pending ratio
Median Price
$242,425
⇩ 23.9% vs $318,650 last year
Average Price
$254,817
⇩ 15.7% vs $302,119 last year
Days on Market
88
⇧ 57.1% vs 56 days last year

Price Per Square Foot

Median $/sqft
$137
⇩ 12.7% vs $157/sqft last year
Median Home Size
1,972 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 12 this year vs 7 last year
  • Days on market: 88 now vs 56 last year

Median & Average Pricing

Year over Year
  • Median: $242,425 (-23.9% YoY)
  • Average: $254,817 (-15.7% 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 April 2026, there are 12 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 $242,425 as of April 2026, a 23.9% decrease from $318,650 the prior year.

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

Homes in SHANNON, MS 38868 spend an average of 88 days on the market before going under contract, compared to 56 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 April 2026, SHANNON, MS 38868 is currently a Buyer's Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 88 days on market compared to 56 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 $4,849 compared to a typical 5% commission on the median listing price of $242,425. 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.