Mississippi started 2024 with a total of 5,504 single-family homes on the market, with a median home price of $287,500 and an average price per square foot of $153.86. By the end of the year, inventory had increased to 6,796 homes on the market (+23%), with a median home price of $295,000 (+3%), and an average price per square foot of $157 (+2%).
At the start of 2024, the median days on market (DOM) was 84 days – by the end of the year, median DOM had increased to 91 days.
Mississippi started the year with 31.89% 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 33.27% of homes for sale had taken a price cut.
