Is Southaven, MS a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Southaven was a Seller's Market.
Key Takeaway
Southaven is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Southaven, MS
How much do homes in Southaven, MS cost?
Median Sold Price
$270,500
-
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Southaven have sold for 42.4% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $190K | $270.5K | +42.4% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Southaven housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 42.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Southaven | $190K | $270.5K | +42.4% |
| Olive Branch | $290K | $349.9K | +20.7% |
| Horn Lake | $160K | $170.9K | +6.8% |
Housing Supply in Southaven, MS
How many homes are available in Southaven, MS?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 344 | 359 | +4.4% |
Summary: The Southaven real estate market had 359 homes for sale in April 2024, a 4.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 24 | 20 | -16.7% |
| 3 Bedrooms | 133 | 143 | +7.5% |
| 4 Bedrooms | 150 | 153 | +2.0% |
| 5+ Bedrooms | 37 | 43 | +16.2% |
Summary: The Southaven housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 16.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 65 | 58 | -10.8% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Southaven, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 58 homes were sold or pending in Southaven in April 2024, down by 10.8% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Southaven, MS
We’re sorry, we don't have information for this market at the moment
