Is DeSoto County, MS a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, DeSoto County has remained a Seller's Market.
Key Takeaway
DeSoto County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in DeSoto County, MS
How much do homes in DeSoto County, MS cost?
Median Sold Price
$277,500
-
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in DeSoto County have sold for 14.4% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $260K | $220K | -15.4% |
| 4 Bedrooms | - | $280K | N/A |
| 5+ Bedrooms | $225K | $424.5K | +88.7% |
Summary: DeSoto County housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 15.4%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 88.7%.
Housing Supply in DeSoto County, MS
How many homes are available in DeSoto County, MS?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 982 | 1,083 | +10.3% |
Summary: The DeSoto County real estate market had 1,083 homes for sale in May 2024, a 10.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 35 | 31 | -11.4% |
| 3 Bedrooms | 364 | 380 | +4.4% |
| 4 Bedrooms | 393 | 440 | +12.0% |
| 5+ Bedrooms | 188 | 230 | +22.3% |
Summary: The DeSoto County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.4%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 22.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 190 | 200 | +5.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in DeSoto County, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 200 homes were sold or pending in DeSoto County in May 2024, up by 5.3% month-over-month. Of the 12 sold homes, 42% were sold under asking, 33% were sold at asking, and 25% were sold over asking.
Days on Market for DeSoto County, MS
We’re sorry, we don't have information for this market at the moment
