MS · Metro #98

Jackson - MS housing market

The Jackson metro has a typical home value of $212,978, up 2.1% from a year ago. Homes sell in 23 days on average - a balanced market. 22% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$212,978
+2.1% vs. year ago
Median sale price
$265,882
+6.7% YoY
Median list price
$270,150
Sale-to-list ratio
96.4%
Selling below ask
Days on market
23d
Listings w/ price cut
22.5%
New listings / mo
605
+14.4% YoY
Homes for sale
2,170
+11.1% YoY
Typical rent
$1,444/mo
+4.1% YoY
Context

How to read this data

The typical home value ($212,978) 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 2.1% over the past year. In Jackson - MS, that means a home worth $208,597 last year is now worth roughly $212,978.

The median sale price , what homes actually close for , is $265,882. Homes are selling at 96.4% of list price, meaning buyers have room to negotiate.

Homes listed in Jackson - MS sit on the market for roughly 23 days before going pending. Shorter = seller's market; longer = buyer's market.

About 22.5% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 605 new listings hit the market each month in Jackson - MS. There are currently 2,170 homes for sale, up 11.1% from a year ago.

The typical monthly rent in Jackson - MS is $1,444, up 4.1% 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$221,391 +0.8% 31.0d
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