Homes For Sale In Picayune, Ms - Picayune Real Estate
 Log In  |  Contact Us  |  Home  |  MLS Search 
   ex. 12345

Picayune, Ms Residential Real Estate Market Report

Through November 2018 (updated 12/4/2018)

 Below is the current residential real estate market report for Picayune, Ms and the surrounding areas. This data was collected and assembled by Lee Thomas of Core Alliance Realty, from the Pearl River Board of REALTORS (PRBOR) Multiple Listing Service (MLS). This data represents all residential sales that were listed or sold by a member of the PRBOR. It does not include properties that were for sale by owner (accuracy + or -5%).

 

Properties currently on the market 369

Properties sold in the last 12 months (12/3/2017 to 12/4/2018) 608

608 divided by 12 month is = 50.6 homes sold per month in the previous 12 months

369 available homes divided by 50.6 sold per month = 7.2 months supply on the market

  • Seller's Market: 0 to 5 months supply of homes
  • Neutral Market: 5 to 6 months supply of homes
  • Buyers Market: More than 6 months supply of homes

24 Month Comparison

This report compares changes in the Picayune real estate market in the previous 24 months (December 1, 2017 to November 30, 2018 and December 1, 2017 to November 30, 2018). 

The total dollar volume saw a gain of 11.55% form $82,227,496/00 to $91,722,555.00, a gain of $9,495,059.00.

The number of units sold increased by 6.65% from 571 to 609.

The median price range remains at $120,000.00-$139,999.99 with 80 units sold in the last 12 months.

The highest dollar volume was in the $200,000.00 to $249,999.99 range with $14,412,575.00 in total sales in 2018. A 10% increase over the previous year.

The biggest change in units and dollar volume were in the ranges of $250,000.00 to $299,999.99 showing a 44.83% gain over the previous year.


Fourth Quarter 2016 and 2017Comparison 

The total dollar volume was up 8.21%.

The total number of units was down by 3.

The median price range shifted from $140,000-159,999 to $200,000-249,999. 

The biggest change in dollar volume was in the same $200,000-$249,999 range.

The biggest change in units was a down swing in the $100,000-119,999 range from 20 units to 9.


First Quarter 2017 and 2018 Comparison

The total dollar volume was down .59%

The number of units was also down from 125 to 121 or -3.2%.

The median price range nudged up from $140,000-159,999 to $160,000 -179,999 range. 

The biggest change in dollar volume was in the same range at $3,235,700 in sales,. an increase of over 136%.

The biggest change in units was also in the $160,000-179,999 range.


Second Quarter 2017 and 2018 Comparison 

The total dollar volume was up 28.68%.

Number of units increased from 158 to 193 (22.15% gain).

The median price range inched up from $120,000-139,999 to $140,000-159,999.

The biggest change in dollar volume was also in the $140,000-159,999 range.

The biggest .change in units was in the $30,000-39,999 range with an increase of over 200%.


Third Quarter 2017 and 2018 Comparison 

The total dollar volume was up 18.54% from $21,222,525 to $25,156,865.

The number of units increased from 155 to 164.

The median price range slid back down to the $120,000-139,999 range with over 27 sales in Q3.

The biggest change in dollar volume was also in the $120,000-139,999 range with sales topping $3.5 million.

The biggest change in units was in the $300,000-399,999 range with a 125% increase from 4 to 9 units and a total dollar volume of $2,959,800.