Hattiesburg Real Estate Market Update
June 15, 2018
Market Summary

As we enter into the prime selling season of the year, the Hattiesburg and surrounding markets are absolutely on FIRE! The average sales price of homes is up 5% YTD from last year and the average DOM (Days On Market) is down -17.5%YTD! What does this mean for you? It means that homes are selling faster and for a higher price than 2017 which also means your home value has changed! CLICK HERE for a quick price analysis to see what YOUR home is now worth!

Hattiesburg homes for Sale have seen steady price improvement month to month as well as year to year as inventory levels remain lows!
The Numbers Month to Month and Year to Year

The median sales price for Hattiesburg Homes for Sale is up over 10% at $169,900 in June 2018 compared to $152,700 during June 2017!

The number of Hattiesburg Homes for Sale that sold was 390 in 2018 YTD vs.452 in 2017 YTD.

There are currently 200 Hattiesburg Homes for Sale that are under contract.

A few highlights of the current Hattiesburg Homes for Sale are shown below and represent a nice cross section of properties available, in contract and that have sold.

Mar – 18 Mar – 17 % Chg 2018 YTD 2017 YTD %Chg
Absorption Rate 5.8 5.68 2.11 5.62 5.78 -2.77
Avg List Price $225,287 $215,435 4.57 $210,069 $196,337 6.99
Median List Price $169,900 $152,700 11.26 $165,000 $149,900 10.07
Average Sale Price $157,837 $154,910 1.89 $158,502 $151,077 4.91
Median Sale Price $152,500 $139,900 9.01 $149,450 $136,000 9.89
Average DOM 80 97 -17.53 89 88 1.14
Median DOM 47 52 -9.62 67 53 6.42


 
 
 
Sold Statistics
  This Month YTD
Price Range 2018 2017 % Chg 2018 2017 % Chg
0-29,999 13 11 18.2 24 27 -11.1
30,000-39,999 4 5 -20.0 11 10 10.0
40,000-49,999 2 8 -75.0 15 19 -21.1
50,000-59,999 5 5 0.0 13 15 -13.3
60,000-69,999 4 7 -42.9 16 15 6.7
70,000-79,999 7 11 -36.4 17 26 -34.6
80,000-89,999 6 11 -45.5 15 24 -37.5
90,000-99,999 5 10 -50.0 12 20 -40.0
100,000-119,999 16 9 77.8 28 34 -17.6
120,000-139,999 12 31 -61.3 31 58 -46.6
140,000-159,999 11 18 -38.9 38 34 11.8
160,000-179,999 20 15 33.3 48 31 54.8
180,000-199,999 12 21 -42.9 27 33 -18.2
200,000-249,999 20 27 -25.9 45 61 -26.2
250,000-299,999 11 12 -8.3 20 33 -39.4
300,000-399,999 6 5 20.0 17 13 30.8
400,000-499,999 2 4 -50.0 8 5 60.0
500,000+ 2 3 -33.3 5 4 25.0
Totals 158 213 -25.8 390 462 -15.6

This Month’s Most Expensive


The most expensive of all Hattiesburg Homes for sale this month is listed at $1,350,000 and includes 5 bedrooms, 5 & 1/2 bath and has over 4500 sqft. (schedule a showing).



This Month’s Least Expensive


The least expensive of all Hattiesburg Homes for sale came in at $19,900 and would be a great home for a first time homebuyer or an investor looking for a rental property with positive cash flow. It has 3 bedrooms and 1 bath with approx 1200 - 1400 sqft and could use a little updating (schedule a showing).



This Month’s Must See


There were some great Hattiesburg Homes for Sale to consider for this month’s ‘Must See’ List.


A beautiful waterfront home on Lakeland Dr listed at $259,400 is this month’s winner! This home offers breath taking water front views and all the peace and quite that nature has to offer. Not to mention that it is currently listed under appraised value! If you are looking for a stunning home on the water without breaking the bank, this one is for you! (schedule a showing).

 
 

FREE Seller's Guide

If you are considering putting your home on the market, this is a Must Read! Learn what it takes to get the most $$ for YOUR home!

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Steve Pahlman | 601-543-7862 | Contact Me
610 W. Pine Street - Hattiesburg, MS 39401
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