Is Southaven, 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, Southaven has remained a Seller's Market.
Key Takeaway
Southaven is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southaven, MS
How much do homes in Southaven, MS cost?
Median Sold Price
$294,500
-
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Southaven have sold for 8.9% 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 | $270.5K | $264.5K | -2.2% |
| 4 Bedrooms | - | $347.5K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Southaven 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 decreased by 2.2%, 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% |
| Olive Branch | $349.9K | $330K | -5.7% |
Housing Supply in Southaven, MS
How many homes are available in Southaven, MS?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 288 | 310 | +7.6% |
Summary: The Southaven real estate market had 310 homes for sale in May 2024, a 7.6% increase 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 | 16 | 10 | -37.5% |
| 3 Bedrooms | 122 | 139 | +13.9% |
| 4 Bedrooms | 119 | 128 | +7.6% |
| 5+ Bedrooms | 31 | 33 | +6.5% |
Summary: The Southaven 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 37.5%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 6.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 69 | 70 | +1.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southaven, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 70 homes were sold or pending in Southaven in May 2024, up by 1.4% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Southaven, MS
We’re sorry, we don't have information for this market at the moment
