38848, Greenwood Springs, MS Housing Market
Hyperlocal market intelligence for ZIP code 38848 in MS. Located in Monroe County, MS. Part of the Tupelo, MS metro area.
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38848, Greenwood Springs, MS market data
38848, Greenwood Springs, MS Housing Market Overview
ZIP code 38848's median home value is $186K. Homes here sell in a median 72 days. Its PropertyIQ Score of 58 sits right around the state average of 50.
PropertyIQ provides ZIP-code-level market intelligence for 38848, Greenwood Springs, MS — going deeper than metro or county averages to reveal neighborhood-specific demand dynamics. By tracking Zillow home-value momentum alongside Realtor.com market-flow signals — median days on market and the share of listings with price cuts — specifically within ZIP code 38848, PropertyIQ predicts which micro-markets within MS are positioned to outperform.
Southeastern ZIP codes combine affordability with economic diversification across manufacturing, logistics, and services sectors. ZIP-level PropertyIQ scores reveal which specific neighborhoods within this fast-growing region are positioned to outperform their state peers in home price appreciation. Within the Southeast, ZIP code 38848's PropertyIQ Score of 58 tracks near the Southeast norm.
PropertyIQ distills four housing signals into a single 1 to 99 score for 38848, Greenwood Springs, MS at the most granular geography available: Zillow twelve-month and three-month home-value momentum, Realtor.com median days on market, and the Realtor.com price-reduced share. It is not a generic market-health grade; it is a validated predictor of which ZIP codes are positioned to outperform their state. The ZIP-level view often tells a different story than the broader county or metro score.
Explore 38848, Greenwood Springs, MS's full market profile including ZIP-level score trends, home value data, and comparisons with neighboring ZIP codes. Use the interactive map to visualize demand signals across the area and identify hyperlocal investment opportunities.
38848, Greenwood Springs, MS is located in Monroe County, MS.
This ZIP code is part of the Tupelo, MS metro area.
Market data through July 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is 38848, Greenwood Springs, MS a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. 38848, Greenwood Springs, MS currently scores 58, a steady-momentum reading that leaves it tracking close to its state average. For buyers, a balanced market means neither side holds a decisive edge, giving you time to shop carefully without racing the clock. Backing that up, the median home value here is $186K. So whether 38848, Greenwood Springs, MS is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for 38848, Greenwood Springs, MS?
38848, Greenwood Springs, MS's PropertyIQ Score is 58, indicating steady momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 58 places 38848, Greenwood Springs, MS above its state benchmark.
How quickly do homes sell in 38848, Greenwood Springs, MS?
In 38848, Greenwood Springs, MS, homes sell in a median of 72 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 0% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this ZIP code data?
This 38848, Greenwood Springs, MS market data is refreshed on a monthly cycle, with the latest figures current through July 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.