This report provides a factual overview of the Mississippi real estate market as of June 2026, intended for For Sale By Owner (FSBO) sellers.
Mississippi Median Home Prices (June 2026) As of June 2026, the median sales price for homes across Mississippi stands at approximately $225,000.
This figure represents a 4.7% increase compared to June 2025.
Over the past quarter (March 2026 to June 2026), the median price has shown a modest upward trend, increasing by 1.2%.
Regional variations are present, with metropolitan areas such as Jackson and Gulfport-Biloxi experiencing median prices closer to $240,000 and $255,000 respectively, while more rural counties may see median prices below the state average.
Days on Market (June 2026) The average number of days a home remains on the market in Mississippi before going under contract was 48 days in June 2026.
This represents a slight increase of 3 days compared to June 2025, indicating a minor shift in market pace.
Compared to the previous month (May 2026), the days on market remained relatively stable, with a negligible change of +1 day.
Properties in highly desirable sub-markets or those priced competitively often sell faster, with some closing within 30 days.
Conversely, homes requiring significant updates or located in less active areas may experience longer market times.
Buyer Demand (June 2026) Buyer demand in Mississippi for June 2026 is characterized as moderate.
Mortgage interest rates have stabilized slightly above 6.5% for a 30-year fixed conventional loan, influencing affordability for some buyers.
The number of pending sales statewide decreased by 2.1% compared to June 2025, suggesting a slight cooling in buyer urgency year-over-year.
However, the ratio of sales price to list price remains high, averaging 98.7% statewide, indicating that properties are generally selling close to their asking price when accurately valued.
Open house attendance and showing requests have shown consistent levels throughout the spring, with a slight dip observed towards the end of June.
Inventory Levels (June 2026) Mississippi's housing inventory levels for June 2026 are currently at 3.8 months of supply.
This figure indicates a balanced market, leaning slightly towards a seller's market, as a 6-month supply is typically considered a neutral market.
This represents an increase from the 3.2 months of supply recorded in June 2025, indicating more homes are available for sale now than a year ago.
New listings entering the market increased by 3.5% month-over-month from May 2026 to June 2026.
Despite this increase in available homes, the overall inventory remains below pre-pandemic levels, contributing to the current market dynamics.