Is Horn Lake, 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, Horn Lake has remained a Seller's Market.
Key Takeaway
Horn Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Horn Lake, MS
How much do homes in Horn Lake, MS cost?
Median Sold Price
$175,000
-
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Horn Lake have sold for 2.4% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $170.9K | $172.5K | +0.9% |
| 4 Bedrooms | - | $240K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Horn Lake housing prices by bedroom type for May 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 0.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Southaven | $270.5K | $294.5K | +8.9% |
| Horn Lake | $170.9K | $175K | +2.4% |
Housing Supply in Horn Lake, MS
How many homes are available in Horn Lake, MS?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 102 | 98 | -3.9% |
Summary: The Horn Lake real estate market had 98 homes for sale in May 2024, a 3.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 73 | 64 | -12.3% |
| 4 Bedrooms | 22 | 27 | +22.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Horn Lake housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 12.3%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 26 | -23.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Horn Lake, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Horn Lake in May 2024, down by 23.5% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Horn Lake, MS
We’re sorry, we don't have information for this market at the moment
