MS · Metro #98

Jackson - MS housing market

The Jackson metro has a typical home value of $215,136, up 2.4% from a year ago. Homes sell in 20 days on average - a balanced market. 23% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$215,136
+2.4% vs. year ago
Median sale price
$265,703
+3.9% YoY
Median list price
$271,633
Sale-to-list ratio
96.7%
Selling below ask
Days on market
20d
Listings w/ price cut
23.1%
New listings / mo
642
+10.1% YoY
Homes for sale
2,256
+11.2% YoY
Typical rent
$1,450/mo
+4.0% YoY
Context

How to read this data

The typical home value ($215,136) is the Zillow Home Value Index for the Jackson - MS metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 2.4% over the past year. In Jackson - MS, that means a home worth $210,094 last year is now worth roughly $215,136.

The median sale price , what homes actually close for , is $265,703. Homes are selling at 96.7% of list price, meaning buyers have room to negotiate.

Homes listed in Jackson - MS sit on the market for roughly 20 days before going pending. Shorter = seller's market; longer = buyer's market.

About 23.1% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 642 new listings hit the market each month in Jackson - MS. There are currently 2,256 homes for sale, up 11.2% from a year ago.

The typical monthly rent in Jackson - MS is $1,450, up 4.0% year over year. For investors, the price-to-rent ratio here is roughly 12x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

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Related

Other metros in MS

MetroHome value1-yr changeDays on market
Gulfport - MS$224,666 +0.9% 31.0d
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