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

Through June 2019 (updated 8/1/2019)

 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 334

Properties sold in the last 12 months (7/1/2018 to 6/30/2019) 651

651 divided by 12 month is = 54.25 homes sold per month in the previous 12 months

334 available homes divided by 54.25 sold per month = 6.1 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 (July 1, 2017 to June 30, 2018 and July 1, 2018 to June 30, 2019). 

The total dollar volume saw a gain of 16.29% form $88,144,090.00 to $102,500,750.00, a gain of $14,356,660.00.

The number of units sold increased by 9.23% from 596 to 651.

The median price range remains in the $120,000.00-$139,999.99 range with 76 units sold. 

The highest dollar volume increase was in the $300,000.00 to $399,999.99 range with a 23% increase from 16 to 39 units sold. An increase of $7,485,950.00 in dollar volume and a 143% increase in units sold.

The biggest decrease was in the $160,000.00 to $179,999.99 range with a decrease of 18% in units from 70 to 57 units and an 18% decrease in dollar volume from $9,648,561.00.


Third Quarter 2017 and 2018 Comparison

The total dollar volume was up 19.68%.

The total number of units was up by 6.45%.

The median price range remained at $120,000.00 to $139,999.99 and was also the highest dollar volume with $3,514,650.00 in sales. 

The biggest change in dollar volume was in the same $300,000.00 to $399,999.99 range with an increase of 125% in units and 115.26% increase in dollar volume.

The biggest decrease was in the $30,000.00 to $39,999.99 range with a decrease in units of 83.33% and a decrease in dollar volume of 85.31%.


Fourth Quarter 2017 and 2018 Comparison

The total dollar volume was up 16.72%

The number of units was up 24.41% from 127 to 158.

The median price range jumped up from $120,000.00-139,999.99 to the $200,000.00 -249,999.99 range. 

The biggest change in dollar volume was in the $40,000.00 to $49,999.99 range with an increase of 600% from 1 to 7 units.

The biggest decrease was in the $400,000.00 to $799,999.99 range with a decrease of 100%.

The highest dollar volume was in the $200,000.00 to $249,999.99 range with $6,223,400.00 in sales.


First Quarter 2018 and 2019 Comparison 

The total dollar volume was up 26.44%.

Number of units increased from 121 to 140. An increase of  15.7%.

The median price range dropped to its normal range from $140,000-159,999.99 with 17 units sold.

The biggest change in dollar volume was also in the $50,000.00 to $59,999.99 with a 1000% increase from 1 to 11 units.

The biggest decrease was in the $60,000.00 to $69,999.99 range with a decrease from 4 to 2 units.

The biggest dollar volume gain was in the $200,000.00 to $249,999.99 range with a total of $3,165,000.00 in sales.


Second Quarter 2018 and 2019 Comparison 

The total dollar volume was up 7.79% from $30,021,094.00 to $32,360,310.00.

The number of units decreased from 193 to 188.

The median price range remained steady at the $140,000.00 to $149,999.99.

The biggest increase in dollar volume was in the $300,000.00 to $399,999.99 range with an increase of 240% from 5 to 17 units and an increase in dollar volume of 248% from $1,657,500.00 to 5,773,500.00 in sales.

The biggest decrease in units was in the $30,000.00 to $39,999.99 range with a decrease of 50% from 6 units to 3.