Housing Prices in Rankin County, MS

How much do homes in Rankin County, MS cost?

Median List Price

$274,986

$156/sqft

Based on all homes listed in the last 12 months.

Difference Since May 2023

+$2,869(+1.1%)

Key Takeaway

The list price of homes in Rankin County has increased by 1.1% since last year.

Summary: The median home list price in Rankin County was $274,986 in May 2024, up 1.1% from the previous year, and the median price per square foot was $156.

Median List Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$240K
N/A
2 $177.4K$189.9K
+7.0%
3 $240K$248.2K
+3.4%
4 $385.1K$383.6K
-0.4%
5+ $595.5K$589K
-1.1%

Summary: Rankin County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes decreased by 1.1%.

Median List Price Compared To Nearby Counties

Simpson County
+11.7%
Madison County
+1.6%
Rankin County
+1.1%
Hinds County
-8.3%

Housing Supply in Rankin County, MS

How many homes are available in Rankin County, MS?

Number of Homes For Sale

Apr 2024May 2024CHANGE
608639+5.1%

Summary: The Rankin County real estate market had 639 homes for sale in May 2024, a 5.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 2827
-3.6%
3 289304
+5.2%
4 250263
+5.2%
5+ 4145
+9.8%

Summary: The Rankin County 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 decreased by 3.6%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 9.8%.

Days on Market for Rankin County, MS

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

Average Listing Age

May 2023May 2024CHANGE
110 Days79 Days-28.3%

Summary: Homes in Rankin County had an average listing age of 79 days in May 2024, down by 28.3% compared to the previous year.

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

Report Updated 1 Day Ago

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Newest Listings in Rankin County, MS

Nearby Markets to Rankin County, MS

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MLS Disclaimers and Copyright

Based on information from MLS United Previous for the period 06/01/2022 - 06/01/2024

Information is deemed to be reliable but not guaranteed. Copyright 2024, MLS United, LLC.
Buyer and/or Buyer's Agent should verify data and evaluate source. This information is furnished by MLS United, LLC. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of MLS United, LLC. Information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. Neither the MLS nor the Listing Broker will be held responsible for any typographical errors, misinformation and misprints and shall be held totally harmless. All properties are subject to prior sale, change or withdrawal.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/1/2024, 9:20:37 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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