Top Large Teams in Mississippi – Ranked by Volume

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2022 Market Summary

Mississippi started 2022 with a total of 3,208 single-family homes on the market, with a median home price of $245,000 and an average price per square foot of $129. By the end of the year, inventory had increased to 4,798 homes on the market (+49%), with a median home price of $279,605 (+14%) and an average price per square foot of $139 (+7%).

At the start of 2022, the median days on market (DOM) was 70 days – by the end of the year, median DOM had increased to 84 days.

Mississippi started the year with 23% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 34% of Mississippi homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Mississippi started 2022 as a seller’s market, with an MAI score of 43; by the end of the year, the MAI had dropped to 30 – a balanced buyer and seller’s market.

This market summary is powered by Altos Research – click here to run a free report for your area.

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Mississippi News

Mississippi independent affiliates with ERA Real Estate 

Sep 09, 2022By

ERA Real Estate, part of the Anywhere portfolio of brands, announced that PowerMark Properties based in Biloxi, Mississippi, has affiliated with the ERA brand.