Is 38654, MS a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 38654 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 38654 was a Seller's Market.

Key Takeaway

38654 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 38654, MS

How much do homes in 38654, MS cost?

Median Sold Price

$737,450

-

Based on all homes sold in November 2024.

Difference Since Last Month

+$277,550(+60.4%)

Key Takeaway

Homes in 38654 have sold for 60.4% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $400K-
N/A
4 $380K-
N/A
5+ $460K$737.4K
+60.3%

Summary: 38654 housing prices by bedroom type for November 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes increased by 60.3%.

Median Sold Price Compared To Nearby Zip Codes

38654
+60.4%
38141
+9.0%
38125
-14.7%

Housing Supply in 38654, MS

How many homes are available in 38654, MS?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
324302-6.8%

Summary: The 38654 real estate market had 302 homes for sale in November 2024, a 6.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 66
0.0%
3 10592
-12.4%
4 121111
-8.3%
5+ 9293
+1.1%

Summary: The 38654 housing inventory by bedroom type for November 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 12.4%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 1.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
7836-53.8%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 38654, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 36 homes were sold or pending in 38654 in November 2024, down by 53.8% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for 38654, MS

We’re sorry, we don't have information for this market at the moment

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

Report Updated 17 Days Ago

Newest Listings in 38654, MS

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