Picayune, Ms Residential Real Estate Market Report

Through April, 2025 (updated 5/5/2025)

 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%).

The market we're in now

Properties currently on the market 216

Properties sold in the last 12 months (5/1/2024-4/30/2025) 464

464 divided by 12 month is = 38.67 homes sold per month in the previous 12 months

216 available homes divided by 38.67 sold per month = 5.58 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 (May 1, 2023 to April 30, 2024 and May 1, 2024 to April 30, 2025) 

The previous 12 months saw increase in sales of $5,864,244 even though the number of units sold was lower. This is due to the increase in the cost of housing. 

The number of units sold decreased by 4.33% from 485 to 464.

The dollar amount sold increased by 5.12% from $114,480,845 to $120.345,244.

The median price range remains in the $200,000.00-$249,999.99 range with 103 units sold. 

The highest dollar volume increase was in the $700,000.00 to $749,999.99 range with a substantial increase from 8 to 19 units sold. An increase of $6,251,500.00 in dollar volume, a 137% increase in units sold and a 129% increase in dollar volume.

The biggest decrease was in the $750,000.00 to $999,999.99 range and $3,000,000 to $4,999,999 range both with a decrease of 100% in units and dollar volume.

The highest dollar volume in sold was in the $300,000 to $399,999 range with sales of $26,109,625 in the previous 12 months.