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
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
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $240K | N/A |
| 2 Bedrooms | $164.9K | $188.9K | +14.6% |
| 3 Bedrooms | $237.6K | $242.6K | +2.1% |
| 4 Bedrooms | $379.9K | $375.8K | -1.1% |
| 5+ Bedrooms | $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 | $269.9K | $272.1K | +0.8% |
| Simpson County | $179.9K | $179.9K | 0.0% |
| Madison County | $365.3K | $356.6K | -2.4% |
| Hinds County | $164.9K | $150K | -9.0% |
Housing Supply in Rankin County, MS
How many homes are available in Rankin County, MS?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 766 | 808 | +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
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 38 | 35 | -7.9% |
| 3 Bedrooms | 376 | 396 | +5.3% |
| 4 Bedrooms | 296 | 317 | +7.1% |
| 5+ Bedrooms | 56 | 60 | +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 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 155 Days | 189 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.
