Is DeSoto County, MS a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing DeSoto County is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, DeSoto County has remained a Seller's Market.

Key Takeaway

DeSoto County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in DeSoto County, MS

How much do homes in DeSoto County, MS cost?

Median Sold Price

$329,950

-

Based on all homes sold in December 2024.

Difference Since Last Month

-$73,550(-18.2%)

Key Takeaway

Homes in DeSoto County have sold for 18.2% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $387K$245K
-36.7%
4 $380K$375.9K
-1.1%
5+ $737.4K$455.4K
-38.2%

Summary: DeSoto County housing prices by bedroom type for December 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 36.7%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 38.2%.

Median Sold Price Compared To Nearby Counties

Shelby County
-0.6%
Tate County
-3.0%
DeSoto County
-18.2%

Housing Supply in DeSoto County, MS

How many homes are available in DeSoto County, MS?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
867821-5.3%

Summary: The DeSoto County real estate market had 821 homes for sale in December 2024, a 5.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 2423
-4.2%
3 326294
-9.8%
4 343334
-2.6%
5+ 174170
-2.3%

Summary: The DeSoto County housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.2%, 3 bedroom homes decreased by 9.8%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 2.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
168162-3.6%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in DeSoto County, expect to pay close to the asking price. 73.3% of homes here sold near the asking price last month.

Summary: A total of 162 homes were sold or pending in DeSoto County in December 2024, down by 3.6% month-over-month. Of the 15 sold homes, 27% were sold under asking, 73% were sold at asking, and 0% were sold over asking.

Days on Market for DeSoto County, 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 DeSoto County, MS

Nearby Markets to DeSoto County, MS

What housing markets are near DeSoto County, MS?