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A typical Hinds County home listed for $165,000 in March, up 13.8% from a month earlier, an analysis of data from Realtor.com shows.
The median list home price in March was down about 16.2% from March 2021. Hinds County’s median home was 1,791 square feet for a listed price of $95 per square foot.
The Hinds County market was busy, with a median 39 days on market. The market added 196 new home listings in March, compared with the 140 added in March 2021. The market ended the month with some 236 listings of homes for sale.
Information on your local housing market is available through the USA TODAY Network, with more data from Realtor.com.
What were Jackson-area home prices in March? Here’s a county-by-county breakdown
Rankin County’s home prices rose 2.8%, to a median $356,340, from a year earlier. The typical house was on the market for 23 days, from 55 days a year earlier. The typical 2,255-square-foot house had a list price of $169 per square foot.
Madison County’s home prices rose 49.7%, to a median $632,293, from a year earlier. The typical house was on the market for 48 days, from 72 days a year earlier. The typical 3,340-square-foot house had a list price of $193 per square foot.
Across metro Jackson, median home prices rose to $312,950, up 4.3% from a month earlier. The median home had 2,158 square feet, at a list price of $133 per square foot.
Across all of Mississippi, median home prices were $244,500, rising 2.3% from a month earlier. The median Mississippi home for sale had 2,006 square feet at list price of $116 per square foot.
Across the United States, median home prices were $404,950, up 3.2% from a month earlier. The median American home for sale had 1,800 square feet, listed at $214 per square foot.
The median home list price — the midway point of all the houses or units listed over a period of time — is used more often in this report instead of the average home list price because experts say the median offers a more accurate view of what’s happening in a market. In finding the average price, all prices of homes listed are added and then divided by the number of homes sold. This measure can be skewed by one low or high price.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from the Realtor.com residential listings database.. The story was written by Mike Stucka and Sean Lahman.
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