📊 The data:
Our December 2023 survey of local agents found that the average real estate commission in Mississippi is 6.07%, which is higher than the national average of 5.49%. Calculate your estimated commission in Mississippi.
The average total real estate agent commission rate in Mississippi is 6.07% of the final sale price. Based on the latest median home sale price in Mississippi ($169,792), that translates to a total cost of roughly $10,306.
Home sellers typically cover the total commission fee from their sale proceeds, which is split between the listing and buyer’s agents who handle the sale. In Mississippi, the average listing agent fee is 3.29%, while the average buyer’s agent fee is 2.79%.
Real estate agent commissions make up a significant portion of the closing costs for Mississippi home sellers. But you don't have to pay the full 6.07% to a traditional agent. If you're selling a home in Mississippi, you can use a discount broker to save on realtor fees. In fact, depending on your situation and the agents you work with, you could save 25% on realtor fees, or about $2,569 on average.
⚡ Find top agents and save: Answer these five simple questions to get matched with the best local agents offering reduced commission rates. Compare agents from top brokerages like Keller Williams and RE/MAX, and get a discounted rate through Clever’s partner network.
How real estate commission works in Mississippi
|Average listing commission
|Average buyer's agent commission
|Total average commission
There are usually two real estate agents involved in the real estate transactions of a home sale:
- The seller's agent (also called the listing agent), who represents the home seller
- The buyer's agent, who represents the person buying the home
Based on our research, the average real estate commission paid in Mississippi for listing agents is 3.29% of the final home price and 2.79% for buyer's agents, for a total of 6.07%.
Real estate commission calculator for Mississippi
Use this commission calculator to estimate how much you'll pay in realtor fees when you sell your home in Mississippi. Enter an estimate of your home's sale price, and see how much you'll pay at different commission rates.
Looking to cut down on realtor commission fees? Clever can help by pairing you with a leading local listing agent who charges a competitive rate of just 1.5%. By doing so, you'll retain a larger share of your home's selling price.
Who pays realtor fees in Mississippi?
In Mississippi, when you sell your home, the commission fees for the buyer's and seller's real estate agents come directly from the final sale price. There's no need to worry about paying these fees upfront.
The seller's agent justifies their commission through services such as conducting market analysis and managing the closing process. On the other side, the buyer's agent earns their commission by finding a qualified buyer who agrees to the contract terms and successfully closes the deal on time.
These commissions won't be an out-of-pocket expense for you. Similar to closing costs, the real estate agent commissions are subtracted from the proceeds of the sale once the transaction is complete.
Why do sellers pay the buyer's real estate agent commission?
Covering the buyer's agent commission can significantly boost interest in your property. By handling this expense, you make your home a more attractive option for buyers, who might otherwise struggle to pay their agent's commission on top of the down payment and closing costs. For many buyers, covering these additional costs upfront is simply not feasible.
Offer a competitive rate for the buyer's agent commission, and you'll find that real estate agents have a stronger incentive to bring clients to your doorstep. This strategy can lead to a flurry of offers on your home. Industry insiders suggest setting the buyer's agent commission around 0.5% below the local norm, which stands at 2.79% in Mississippi.
Will the NAR lawsuit change how real estate commission works?
A November 2023 lawsuit found the National Association of Realtors (NAR), Homeservices of America, and Keller Williams Realty guilty of misleading sellers into paying high realtor fees.
The judge agreed with the plaintiffs that sellers should not be on the hook for the buyer's agent commission. It's too early to tell if this decision will change how buyer's agents are paid. We're monitoring the appeal in this case as well as other lawsuits and will keep you updated.
» READ MORE:
How to save on realtor fees in Mississippi
Commission rates are not set in stone. In fact, we found that while 3.29% is the average listing commission in Mississippi, rates typically fall between 2.50% and 4.00%. You can save money by negotiating a lower rate with your listing agent or by working with a discount real estate brokerage.
|Listing commission range
|Buyer's agent commission
|Total commission range
Can I negotiate realtor commission in Mississippi?
Real estate commission is always negotiable. Nationwide, the 630 agents we surveyed said these were their most common reasons for agreeing to lower their commission.
|Would you lower your commission for…?
|Agents who answered yes
|Homeowners who also plan to buy with you
|Homeowners who are repeat clients
|Homeowners with more than one property to sell
|Seller’s situation (e.g. divorce or death in the family)
|Higher property values
|High competition for clients
|Homes expected to sell quickly
|Periods of low housing inventory
|High buyer demand in the area
|Houses in excellent condition
|Highly experienced home sellers
Negotiating realtor fees in Mississippi depends on two main factors: your situation and the housing market.
|You may have an easier time negotiating low rates if...
|The Mississippi housing market
Your unique circumstances will certainly play a role, but the real estate trends in Mississippi affect every home seller in the region.
In a seller's market, where the balance tips in favor of sellers, listing agents often experience an easier time selling homes and might be more willing to cut their commissions. Conversely, in a buyer's market, agents are likely to stick to their standard fees.
Not comfortable negotiating with a realtor? Avoid the awkward conversation and let Clever pre-negotiate a lower rate with a top agent for you.
To assess the current state of your local real estate market, look at these three factors:
- Months of inventory
- Sale to list price ratio
- Home value trends
If these indicators suggest that Mississippi is currently a seller's market, you could have the leverage to negotiate a reduced commission with your agent. However, if the market is sending mixed signals or leans towards buyers, convincing your agent to take a lower fee might be more challenging.
The current state of the Mississippi real estate market
|Months of inventory
|There's 2.51 months of housing inventory on the market
|Homes are selling for 96.80% of their listing price
|Home values have fallen 11.59% year over year
Low commission real estate companies in Mississippi
Negotiating a lower rate with a professional negotiator can be hard! In many cases, home sellers can save just as much (or more!) by selling with a low commission real estate company.
Discount real estate brokers typically offer full-service support for a reduced commission percentage or flat rate. How they create those discounts will depend on the company's model, with some creating more risks and trade-offs than others.
Clever Real EstateLearn more
Overview: For property sellers in Mississippi seeking savings on real estate commissions while maintaining access to quality professional advice, Clever is a great option.
✅ Benefits and features: Clever sets itself apart by offering significant reductions in traditional realtor charges, up to 50%. Its acclaimed agent matching service is highly esteemed and comes at no cost, with no strings attached.
🏠 How it works: Clever provides an avenue to a cadre of esteemed local agents from well-known agencies, including powerhouses like RE/MAX and Compass. This empowers sellers to peruse and pick their preferred agent while guaranteeing a competitive 1.5% listing fee (comparable to Redfin), irrespective of the agent chosen.
- Engage with a full-service agent from a reputable brokerage without the hefty price tag.
- Agents commit to a rate cut of up to 50% exclusively when partnering through Clever.
- Access the most extensive array of vetted agents in Mississippi, enhancing your likelihood of finding the perfect match.
- There's no promise that you'll be matched with a specific agent or firm of your choosing within Clever’s network.
- Additional services such as professional staging, drone photography, and 3D home tours may incur extra charges, which agents will detail in their listing presentation.
- 1.5% listing fee ($3,000 minimum) at closing
- 2–3% buyer’s agent commission at closing
Thinking of selling your home but don't know where to start? Here are some next steps.
Start interviewing local agents
Set up some listing appointments, where an agent visits your home to discuss its estimated value, lay out their marketing strategy, and provide a quote for their fee.
Here's why it's smart to sit down with a few agents before signing with one:
It's completely free to meet with agents: There's no obligation or risk on your end. Just keep in mind that the agent is meeting with you to win your business, and will try to sell you on their service.
You can compare pricing and features: Shopping around helps you find the best fit for your specific needs – in terms of fees, experience, and services provided.
Learn more about your market from an expert: Realtors can provide local data, like how much nearby homes are selling for, how fast they sell, and other current market trends.
Learn about the home sales process: An agent can walk you through the sales process from start to finish, and provide tailored advice for marketing your property to home buyers.
To get started, check out our guide on the best ways to find real estate agents — or you can sign up for Clever’s free agent matching service below to connect with top realtors in your area right now (and save on commission).
Clever has pre-negotiated low commission rates of only 1.5%, with Mississippi's top agents. Contact Clever today to find out how much you can save on commission!
Clever can connect you with top local agents sell your house for a pre-negotiated low rate: just a 1.5% listing fee when your home sells (half the typical rate!).
You can interview your Clever agent matches, get free pricing estimates, and compare marketing plans — all with no strings attached.
Ready to learn more? Click below to take our simple quiz and see your agent matches!
We gathered our commission rate data from a survey of 630 of our partner agents. The survey asked about standard local rates for both listing and buying agents. We also asked agents about when and why they're willing to negotiate real estate commissions.
Additionally, we utilized the following data from Zillow and Realtor.com:
- Home values, list prices, and sale prices: Based on Zillow data as of January 2024
- Sale-to-list ratios: Based on Zillow data as of January 2024 (unless specified otherwise)
- Months of inventory: Based on Realtor.com data as of January 2024