ZIP 38965 (Water Valley, MS) Housing Market Update – February 23, 2026
38965 – February 23, 2026 – Water Valley-area ZIP snapshot: inventory ~29–58 homes, pricing benchmarks vary by source, and rates eased near 6% nationally.
ZIP 38965 (Water Valley area, Yalobusha County, Mississippi) is showing a familiar small-market setup: a limited pool of active listings, thin rental options, and wide price variation between in-town homes and rural acreage.
Top takeaways
- Inventory is modest, and counts vary by snapshot. Recent ZIP dashboards show 29 homes for sale on Zillow (as of Jan 31, 2026) and 47 active listings on Realtor.com’s ZIP market summary (reporting period: Dec 2025). Live listing searches currently show about 51 homes on Redfin and 58 on Realtor.com.
- Pricing depends on which benchmark you use. Realtor.com’s ZIP-level median listing price was $317,500 with $166 per square foot (Dec 2025). Zillow shows a $284,200 median list price (Jan 31, 2026) and a typical home value (ZHVI) of $178,408 on the ZIP page.
- Days on market suggests buyers still have time to choose. Realtor.com’s median days on market was 92 days (Dec 2025). Redfin calls the market somewhat competitive, with homes selling in about 53.5 days on average.
- Mortgage rates dipped again nationally. Freddie Mac’s PMMS put the 30-year fixed average at 6.01% as of Feb 19, 2026.
Market snapshot
What the numbers imply: In a ZIP with relatively few transactions, one or two unusual sales can move the averages. Use the ZIP dashboards for context, but lean on true comps for the specific neighborhood, lot size, and condition.
Supply and negotiation: With for-sale inventory still not deep, well-priced homes can move, but the longer days-on-market readings hint that buyers may see room for inspection-based negotiations and seller concessions on properties that have been sitting.
Rentals: The latest Realtor.com ZIP snapshot showed just 1 rental listing (Dec 2025). If you are trying to rent first and buy later, plan for a wider search radius and quick decision-making when a good rental shows up.
What’s for sale nearby (no addresses)
- Value-priced homes: Redfin’s ‘cheap homes’ view for 38965 shows 46 listings with a median listing price of about $269K, and it notes 3 homes sold in the past month (page updates frequently).
- Standard resale inventory: Redfin’s main ZIP search and Realtor.com’s ZIP search pages are good starting points to compare list-price bands, acreage, and home styles across the Water Valley area.
- Land and small-acreage tracts: Both Redfin and Realtor.com provide land filters for the ZIP, useful for comparing buildable parcels versus existing homes with larger lots.
ServiceXTC local pros
We did not find verified ServiceXTC provider pages indexed specifically for ZIP 38965 today. If you are a local home-service business (home inspector, roofer, HVAC, electrician, plumber, remodeler), getting listed helps sellers prep and helps buyers plan repairs after closing.
Sources
- Realtor.com ZIP 38965 market overview (Dec 2025 reporting period) and ZIP for-sale search
- Zillow ZIP 38965 home values and inventory (Jan 2026 data shown on page)
- Redfin ZIP 38965 housing market page, ZIP for-sale search, and cheap-homes filter page
- Freddie Mac PMMS weekly mortgage rates (Feb 19, 2026)
What are you seeing right now in ZIP 38965 — more price cuts, fewer showings, or more new listings as spring approaches?