The story of this market
The typical home in ZIP 38841 sells for about $187,000, or $115 per square foot.
Prices are down 5.6% from a year ago, which gives buyers more room to negotiate. Homes take about 83 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $883 a month.
ZIP 38841 — Ecru
The housing market in the 38841 area is currently experiencing downward price pressure with a year-over-year decline of 5.6%. High inventory levels relative to sales volume have resulted in a significant months-of-supply metric, indicating a buyer-favorable environment. Market activity remains slow, reflecting broader regional economic cooling.
Median prices moved down 5.6% year over year.
Homes spend a median of 83 days on market with 36.7 months of supply — a slower-moving market.
24% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.9% · poverty 11.0% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 38841, Pontotoc County MS
Data derived from ZCTA 38841 census profiles and regional market aggregates.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.