Housing Prices in Richland, MS

How much do homes in Richland, MS cost?

Median List Price

$220,000

$143/sqft

Based on all homes listed in the last 12 months.

Difference Since November 2023

+$2,500(+1.1%)

Key Takeaway

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

Summary: The median home list price in Richland was $220,000 in November 2024, up 1.1% from the previous year, and the median price per square foot was $143.

Median List Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $150K$159.9K
+6.6%
3 $210K$217.4K
+3.5%
4 $276.9K$243K
-12.3%
5+ $557K-
N/A

Summary: Richland housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 12.3%, and 5+ bedroom homes did not change.

Median List Price Compared To Nearby Cities

Florence
+14.1%
Pearl
+3.9%
Jackson
+2.9%
Richland
+1.1%
Flowood
+0.6%

Housing Supply in Richland, MS

How many homes are available in Richland, MS?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2015-25.0%

Summary: The Richland real estate market had 15 homes for sale in November 2024, a 25.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 20
-100.0%
3 1310
-23.1%
4 55
0.0%
5+ 00
0.0%

Summary: The Richland 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 decreased by 100%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Days on Market for Richland, MS

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

Average Listing Age

Nov 2023Nov 2024CHANGE
171 Days83 Days-51.3%

Summary: Homes in Richland had an average listing age of 83 days in Nov 2024, down by 51.3% compared to the previous year.

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

Report Updated 17 Days Ago

Newest Listings in Richland, MS

Nearby Markets to Richland, MS

What housing markets are near Richland, MS?