Is 38611, 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, 38611 has remained a Buyer's Market.
Key Takeaway
38611 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 38611, MS
How much do homes in 38611, MS cost?
Median Sold Price
$260,000
-
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in 38611 have sold for 16.7% less than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $260K | N/A |
| 4 Bedrooms | $311.9K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 38611 housing prices by bedroom type for March 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 38611, MS
How many homes are available in 38611, MS?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 121 | 121 | 0.0% |
Summary: The 38611 real estate market had 121 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 47 | 49 | +4.3% |
| 4 Bedrooms | 48 | 38 | -20.8% |
| 5+ Bedrooms | 20 | 26 | +30.0% |
Summary: The 38611 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 20.8%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38611, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 38611 in March 2024, down by 12.5% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 38611, MS
We’re sorry, we don't have information for this market at the moment
