Housing Prices in Rankin County, MS

How much do homes in Rankin County, MS cost?

Median List Price

$272,191

$154/sqft

Based on all homes listed in the last 12 months.

Difference Since March 2023

+$2,227(+0.8%)

Key Takeaway

The list price of homes in Rankin County has increased by 0.8% since last year.

Summary: The median home list price in Rankin County was $272,191 in March 2024, up 0.8% from the previous year, and the median price per square foot was $154.

Median List Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$240K
N/A
2 $164.9K$188.9K
+14.6%
3 $237.6K$242.6K
+2.1%
4 $379.9K$375.8K
-1.1%
5+ $600K$575K
-4.2%

Summary: Rankin County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 4.2%.

Median List Price Compared To Nearby Counties

Rankin County
+0.8%
Simpson County
0.0%
Madison County
-2.4%
Hinds County
-9.0%

Housing Supply in Rankin County, MS

How many homes are available in Rankin County, MS?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
766808+5.5%

Summary: The Rankin County real estate market had 808 homes for sale in March 2024, a 5.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 3835
-7.9%
3 376396
+5.3%
4 296317
+7.1%
5+ 5660
+7.1%

Summary: The Rankin County 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 decreased by 7.9%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 7.1%.

Days on Market for Rankin County, MS

How long does it take to sell a home in Rankin County, MS?

Average Listing Age

Mar 2023Mar 2024CHANGE
155 Days189 Days+21.8%

Summary: Homes in Rankin County had an average listing age of 189 days in Mar 2024, up by 21.8% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 24 Days Ago

Newest Listings in Rankin County, MS

Nearby Markets to Rankin County, MS

What housing markets are near Rankin County, MS?