Is Hernando, 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, Hernando has remained a Buyer's Market.
Key Takeaway
Hernando is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hernando, MS
How much do homes in Hernando, MS cost?
Median Sold Price
$325,000
-
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Hernando have sold for 42.4% 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 | - | - | N/A |
| 4 Bedrooms | $564.4K | $325K | -42.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: Hernando 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 decreased by 42.4%, and 5+ bedroom homes did not change.
Housing Supply in Hernando, MS
How many homes are available in Hernando, MS?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 212 | 239 | +12.7% |
Summary: The Hernando real estate market had 239 homes for sale in March 2024, a 12.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 60 | 75 | +25.0% |
| 4 Bedrooms | 105 | 114 | +8.6% |
| 5+ Bedrooms | 41 | 44 | +7.3% |
Summary: The Hernando 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 7.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 23 | +15.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hernando, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 23 homes were sold or pending in Hernando in March 2024, up by 15.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Hernando, MS
We’re sorry, we don't have information for this market at the moment
