Your Local Real Estate Market Report

Biloxi, MS

Single-Family Homes

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Biloxi, MS

Tue Oct 19 2021
This week the median list price for Biloxi, MS is $258,900 with the market action index hovering around 44. This is less than last month's market action index of 49. Inventory has increased to 136. Click here to stay informed with the Biloxi market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Biloxi, MS

Tue Oct 19 2021
This week the median list price for Biloxi, MS is $258,900 with the market action index hovering around 44. This is less than last month's market action index of 49. Inventory has increased to 136. Click here to stay informed with the Biloxi market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Biloxi market.
Median List Price $258,900
Median Price of New Listings $205,000
Per Square Foot $120
Average Days on Market 72
Median Days on Market 49
Price Decreased 36%
Price Increased 3%
Relisted 41%
Inventory 136
Median Rent $1,523
Market Action 44
Slight Seller's Advantage

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$513,500 3,331 0.5 - 1 acre 4 3 27 2 2 77
$299,949 2,297 0.25 - 0.5 acre 4 2 13 2 2 49
$216,855 1,823 0.5 - 1 acre 3 2 29 5 4 38
$128,750 1,293 0.25 - 0.5 acre 3 2 56 4 3 31