Data as of September 2026. Source: Realtor.com.
The WATER VALLEY, MS real estate market (38965) currently shows 29 active listings, with 4 pending sales. Homes are averaging 66 days on the market before going under contract.
Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 66 days on market compared to 60 days last year.
The median listing price has risen 5.7% year-over-year, from $291,725 to $308,250.
Population: 8,807 · Density: 13.5/mi² · Median household income: $52,418
Typical home value: $122,286 · Homeownership: 73.0%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 38965 | Water Valley, MS 38965 | 0.0 mi | 29 | $10,723,359 | $270,875 | $369,771 |
| 38673 | Taylor, MS 38673 | 11.3 mi | 2 | $758,000 | $379,000 | $379,000 |
| 38915 | Bruce, MS 38915 | 13.8 mi | 19 | $4,499,390 | $186,000 | $236,810 |
| 38655 | Oxford, MS 38655 | 14.9 mi | 445 | $326,271,775 | $481,100 | $733,195 |
| 38658 | Pope, MS 38658 | 17.9 mi | 10 | $1,919,300 | $240,000 | $191,930 |
| 38914 | Big Creek, MS 38914 | 20.1 mi | 2 | $145,000 | $72,500 | $72,500 |
| 38951 | Pittsboro, MS 38951 | 20.6 mi | 1 | $235,000 | $235,000 | $235,000 |
| 38927 | Enid, MS 38927 | 24.3 mi | 2 | $668,000 | $334,000 | $334,000 |
| 38916 | Calhoun City, MS 38916 | 25.9 mi | 9 | $1,783,242 | $138,700 | $198,138 |
| 38839 | Derma, MS 38839 | 26.2 mi | 1 | $147,500 | $147,500 | $147,500 |
| 38929 | Gore Springs, MS 38929 | 27.6 mi | 6 | $2,452,998 | $367,000 | $408,833 |
| 38878 | Vardaman, MS 38878 | 28.9 mi | 5 | $1,020,815 | $217,498 | $204,163 |
| 38619 | Como, MS 38619 | 29.3 mi | 4 | $2,473,124 | $609,900 | $618,281 |
As of September 2026, there are 29 active listings in WATER VALLEY, MS (zip code 38965), compared to 28 the prior year.
The median listing price in WATER VALLEY, MS 38965 is $308,250 as of September 2026, a 5.7% increase from $291,725 the prior year.
Homes in WATER VALLEY, MS 38965 spend an average of 66 days on the market before going under contract, compared to 60 days the prior year.
Based on current inventory and days-on-market data as of September 2026, WATER VALLEY, MS 38965 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 66 days on market compared to 60 days last year.
With SELL123.com's maximum 3% commission, sellers in WATER VALLEY, MS 38965 save an estimated $6,165 compared to a typical 5% commission on the median listing price of $308,250. 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.