Is now a good time to buy land in the Mississippi area?
the Mississippi area is currently a strong buyer's market with 30.7 months of supply. Buyers have more negotiating power and can take time to find the right property.
Comprehensive market data and analysis
We're showing Mississippi County statistics below to give you a broader market picture. As more transactions occur in Tougaloo, Mississippi, we'll update with specific local data.
30.7 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M | ||
|---|---|---|---|---|---|---|
| No acreage data available for Tougaloo, Mississippi | ||||||
the Mississippi area is currently a strong buyer's market with 30.7 months of supply. Buyers have more negotiating power and can take time to find the right property.
the Mississippi area currently has 30.7 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
Land in the Mississippi area typically sells within 135 days of listing. The median time on market is 60 days. Properties are moving slowly in the current strong buyer's market.
The current absorption rate in the Mississippi area is 3.3% (3-month basis), indicating slow demand. The top-performing broker in this market is United Country - Southern States Realty.
Over the past 12 months, the Mississippi area saw 3,166 properties sold. In just the last 3 months, 707 properties changed hands.
There are currently 7,236 active listings in the Mississippi area. 1,698 new listings have hit the market in the last 90 days. The median asking price is $85K.
The 3-month absorption rate in the Mississippi area is 3.3%. The 12-month rate is 3.6%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
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.