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
Last month, DeSoto County was a Seller's Market.
Key Takeaway
DeSoto County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in DeSoto County, MS
How much do homes in DeSoto County, MS cost?
Median Sold Price
$242,500
-
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in DeSoto County have sold for 6.8% less than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $190K | $260K | +36.8% |
| 4 Bedrooms | $307.5K | - | N/A |
| 5+ Bedrooms | $310K | $225K | -27.4% |
Summary: DeSoto County housing prices by bedroom type for April 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 increased by 36.8%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 27.4%.
Housing Supply in DeSoto County, MS
How many homes are available in DeSoto County, MS?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,086 | 1,175 | +8.2% |
Summary: The DeSoto County real estate market had 1,175 homes for sale in April 2024, a 8.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 40 | 45 | +12.5% |
| 3 Bedrooms | 404 | 426 | +5.4% |
| 4 Bedrooms | 448 | 481 | +7.4% |
| 5+ Bedrooms | 192 | 220 | +14.6% |
Summary: The DeSoto County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 14.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 184 | 172 | -6.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 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. 50% of homes here sold below asking price last month.
Summary: A total of 172 homes were sold or pending in DeSoto County in April 2024, down by 6.5% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% 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
