Summit, Mississippi Land Market Statistics

Comprehensive market data and analysis• Updated Dec 2025

Active Listings

Sold (12M)

Median Price

Market Condition

Balanced Market

Summit, Mississippi Market Meter

Balanced Market

8.6 months of supply

Market conditions are relatively balanced between buyers and sellers.

Market Overview

Median Price

Avg Price/Acre

Avg Days on Market

Months of Supply

8.6

YoY Price Change

New Listings (3M)

Land Market Data by Acreage

Data Type:

View:

Acreage	30D	3M	6M	12M	24M	36M
0-1 acres	-	-	-	-	-	-
1-2 acres	1	1	1	2	5	8
2-5 acres	-	2	7	8	18	19
5-10 acres	-	-	-	4	5	9
10-20 acres	-	2	3	4	10	12
20-50 acres	1	2	2	5	9	17
50-100 acres	-	-	-	-	2	2
100+ acres	-	-	2	2	6	8
TOTAL	2	7	15	25	55	75

📊 Sold Counts: The total number of land parcels that sold during each time period.How to read: If "5-10 acres" shows 25 under "30D", that means 25 parcels between 5-10 acres sold in the last 30 days. The "3M" column shows sales from the last 3 months, "12M" shows the full year, etc.Higher numbers = active market with lots of buyers. Lower numbers = slower market with fewer sales.

Market Trends & Analysis

Inventory by Acreage (12 Months)

Sold

For Sale

0-1 acres0 sold / 5 listed

1-2 acres2 sold / 1 listed

2-5 acres8 sold / 2 listed

5-10 acres4 sold / 1 listed

10-20 acres4 sold / 3 listed

20-50 acres5 sold / 2 listed

50-100 acres0 sold / 1 listed

100+ acres2 sold / 1 listed

Median Price by Acreage

No price data available

Key Market Indicators

Total Sales Volume

Last 12 months

Active Listings

Current inventory

Avg Days on Market

Time to sell

Price Trend (YoY)

Year over year

Summit, Mississippi Land Market Analysis

Is now a good time to buy land in Summit, Mississippi?

Summit, Mississippi is currently a balanced market with 8.6 months of supply. Conditions favor neither buyers nor sellers significantly.

What is the months of supply for land in Summit, Mississippi?

Summit, Mississippi currently has 8.6 months of inventory supply. This indicates a balanced market. Low supply means competition for available properties is high.

What is the absorption rate for land in Summit, Mississippi?

The 3-month absorption rate in Summit, Mississippi is 11.7%. The 12-month rate is 10.4%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.

What is the total amount sold in Summit, Mississippi last year?

Over the past 12 months, Summit, Mississippi saw 25 properties sold. In just the last 3 months, 7 properties changed hands.

What is the total land for sale in Summit, Mississippi?

There are currently 20 active listings in Summit, Mississippi. 7 new listings have hit the market in the last 90 days. The median asking price is $57K.

Is now a good time to invest in land in Summit, Mississippi?

The current absorption rate in Summit, Mississippi is 11.7% (3-month basis), indicating moderate demand. The top-performing broker in this market is United Country - Southern States Realty.

How long does it take to sell land in Summit, Mississippi?

Land in Summit, Mississippi typically sells within 95 days of listing. The median time on market is 54 days. Properties are moving at a moderate pace in the current balanced market.

Data Sources & Accuracy

Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.