Indianola, MS metro area Housing Market

Cold Market

Comprehensive housing market data for the Indianola, 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

$135K

60.9% YoY

Days on Market

59 days

33.0% YoY

Active Inventory

29

26.1% YoY

Homes Sold

4

300.0% YoY

Cold Market

Inventory is high and homes are sitting longer — a buyer's market.

Indianola, MS metro area Market Summary

The Indianola, MS metro area housing market is cooling down. As of March 2026, the median home sale price is $135K, down 60.9% year-over-year. Homes are spending a median of 59 days on the market, 33.0% shorter than a year ago.

There are 29 homes for sale — 26.1% more than last year. With 7.3 months of supply, this is a buyer's market. 5 new listings were added during this period, down 28.6% year-over-year.

Homes are selling for 99.1% of their list price on average, suggesting room for negotiation. 25.0% of homes sell above their asking price. 24.1% of listings have had a price drop.

Market Opportunity Score

Based on current market conditions

80

Contributing Factors

Months of Supply 7.3
Days on Market 59
Price Drops 24.1%
Sale-to-List Ratio 99.1%
Market Temperature Cold

How This Market Compares

vs. National Median

Median Price (National: $437K) 69.1%
Days on Market (National: 55) 7.3%
Inventory (National: 1,314,690) 100.0%

vs. Mississippi Median

Median Price (Mississippi: $265K) 49.2%
Days on Market (Mississippi: 59) 0.0%

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 69% below the national median, which could indicate stronger cash flow potential.

Indianola, MS metro area Market Trends

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Detailed Market Metrics

Median List Price

$100K

Price per Sq Ft

$82

Sale-to-List Ratio

99.1%

Months of Supply

7.3

Sold Above List

25.0%

Price Drops

24.1%

New Listings

5

28.6% YoY

Pending Sales

5

Off Market in 2 Weeks

0.0%

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Housing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.