Picayune, MS metro area Housing Market
Cold MarketComprehensive housing market data for the Picayune, 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
$239K
↓ 3.2% YoY
Days on Market
54 days
↓ 28.0% YoY
Active Inventory
231
↓ 3.3% YoY
Homes Sold
19
↓ 17.4% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Picayune, MS metro area Market Summary
The Picayune, MS metro area housing market is cooling down. As of March 2026, the median home sale price is $239K, down 3.2% year-over-year. Homes are spending a median of 54 days on the market, 28.0% shorter than a year ago.
There are 231 homes for sale — 3.3% fewer than last year. With 12.2 months of supply, this is a buyer's market. 88 new listings were added during this period, up 15.8% year-over-year.
Homes are selling for 91.3% of their list price on average, suggesting room for negotiation. 10.5% of homes sell above their asking price. 29.4% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
93
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 45% below the national median, which could indicate stronger cash flow potential.
Picayune, MS metro area Market Trends
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Detailed Market Metrics
Median List Price
$230K
Price per Sq Ft
$151
Sale-to-List Ratio
91.3%
Months of Supply
12.2
Sold Above List
10.5%
Price Drops
29.4%
New Listings
88
↑ 15.8% YoY
Pending Sales
64
Off Market in 2 Weeks
29.7%
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
Vicksburg, MS metro area
$250K · 144d on market
Brookhaven, MS metro area
$224K · 20d 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.