Homes For Sale In Picayune, Ms - Picayune Real Estate
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Picayune, Ms Real Estate Market Report

Through 5/31/2017 (updated 6/25/2017)

 Below is the current 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 427

Properties sold in the last 12 months (6/1/2016 to 5/31/2017) 582

582 divided by 12 month is = 48.5 homes sold per month in the previous 12 months

427 available homes divided by 48.5 sold per month = 8.8 moths 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

This report compares changes in the Picayune real estate market in the previous 24 months (June 1, 2015 to May 31, 2016 and June 1, 2016 to May 31, 2017). Updated 6/25/2017

The total dollar volume saw a gain of 6% form $75,902,962.00 to $80,540,286.00, a gain of $4,637,324.00.

The number of units sold increased by 13.41% from 507 to 575.

The median price range remains at $120,000.00-$139,999.99 with over 82 units sold in the last 12 months.

The highest dollar volume was in the $200,000.00 to $249,999.99 range with $12,834,539.00 in total sales. A slight increase over the previous year.

The biggest change in units and dollar volume were in the ranges of $1,000,000.00 to $1,249,999.99 and $2,000,000.00 to $2,999,999.99  showing a 100% drop over the previous year which equalled 1 less sale in each range (from 1 to 0 units). 

The next biggest change was in the $90,000.00 to $99,999.99 range with an increase from 21 to 36 units (71.43% increase) and an increase in dollar volume from $1,969,700.00 to $3,406,479.00 72.94% increase).