Mississippi Real Estate Market in 2021: Forecasts + Trends

Clever Real Estate


Clever Real Estate

October 1st, 2021
Updated October 1st, 2021


Mississippi real estate trends

Real estate trends in Mississippi | Sellers | Buyers | Investors | The best and worst of Mississippi | Mississippi resources

Mississippi real estate trends (October 2021)

How is the real estate market in Mississippi?
🏠 Average home value: $142,485
📈 1.04% home value increase month over month
💰 Median sale price: $218,000
⏳ 72 days on the market
🔑 Homes on the market: 4,378
📆 1.1 months of housing inventory
🏦 30-year mortgage rate: 3.22%
💵 Average income: 71306
State of the market: C+
Home values in Mississippi are very affordable — but interest rates are some of the highest in the country. This has decreased the number of buyers looking for homes and increased time on market, so sellers should be patient.
*Data last updated October 2021

Nicknamed the Magnolia State, Mississippi is known for its hospitality, catfish, and blues music — a perfect recipe for a good time.

Throughout the years, it's also been home to some of America's most famous celebrities, including Oprah Winfrey, Jim Henson, and Elvis Presley. Today, residents enjoy Mississippi's small towns, such as Ocean Springs and Greenville, as well as bigger cities such as Jackson, Southport, and Southaven.

The state has a humid, subtropical climate, with mild winters and hot summers that support its booming agriculture industry year-round.

If you're thinking of buying or selling in Mississippi, these Mississippi housing predictions and stats can help you make an informed decision.

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Selling a home in Mississippi

Mississippi real estate market forecast for sellers
⏰ Homes are selling 16 days faster than the annual average
💰 Homes are selling for $3,888 more than the annual average
💸 Average listing commission: 2.79%
💸 Average buyer's commission: 2.75%

How to sell a home in Mississippi

Cost to sell a home in Mississippi

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Buying a home in Mississippi

How much home you can buy with $300,000 in...
🏠 Jackson: 1,527 sq ft
🏡 Hattiesburg: 3,086 sq ft
🏡 Gulfport: 2,444 sq ft
🏠 Tupelo: 2,743 sq ft

Investing in Mississippi real estate

Best of Mississippi

Each month, we compare cities in Mississippi based on different criteria. This month, we're looking at affordability and ranking the best cities in the state.

Most Affordable Cities in Mississippi
1. Laurel
2. Tupelo
3. Meridian

Ready to buy a home in Mississippi? Eligible buyers get cash back with Clever!

Worst of Mississippi

Each month, we compare cities in Mississippi based on a different criteria. This month we're looking at affordability data. These are the cities that ranked the worst in the state.

Least Affordable Cities in Mississippi
1. Gulfport-Biloxi
2. Hattiesburg
3. Jackson

Mississippi resources

👋 Next Steps: Talk to an expert!

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Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, S&P Global, the U.S. Census, and Clever surveys. Our team of over 20 real estate analysts from across the country research local markets and data to compile our "Best" and "Worst" rankings.

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