Grenada, MS metro area Housing Market
Cold MarketComprehensive housing market data for the Grenada, MS metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$285K
↑ 75.4% YoY
Days on Market
118 days
↓ 32.2% YoY
Active Inventory
18
↓ 40.0% YoY
Homes Sold
3
↓ 25.0% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Grenada, MS metro area Market Summary
The Grenada, MS metro area housing market is cooling down. As of March 2026, the median home sale price is $285K, up 75.4% year-over-year. Homes are spending a median of 118 days on the market, 32.2% shorter than a year ago.
There are 18 homes for sale — 40.0% fewer than last year. With 6.0 months of supply, this is a balanced market. 8 new listings were added during this period, up 33.3% year-over-year.
Homes are selling for 96.1% of their list price on average, suggesting room for negotiation. 0.0% of homes sell above their asking price. 33.3% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
86
Contributing Factors
How This Market Compares
vs. National Median
vs. Mississippi Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. High inventory relative to sales pace means buyers have options and sellers may be flexible on price. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 35% below the national median, which could indicate stronger cash flow potential.
Grenada, MS metro area Market Trends
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Detailed Market Metrics
Median List Price
$139K
Price per Sq Ft
$110
Sale-to-List Ratio
96.1%
Months of Supply
6.0
Sold Above List
0.0%
Price Drops
33.3%
New Listings
8
↑ 33.3% YoY
Pending Sales
7
Off Market in 2 Weeks
42.9%
Other Markets in Mississippi
Gulfport, MS metro area
$250K · 56d on market
Jackson, MS metro area
$283K · 36d on market
Tupelo, MS metro area
$240K · 39d on market
Oxford, MS metro area
$460K · 79d on market
Natchez, MS metro area
$225K · 97d on market
McComb, MS metro area
$180K · 82d on market
Picayune, MS metro area
$239K · 54d on market
Vicksburg, MS metro area
$250K · 144d on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.