Jackson, MS 39202 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Property Taxes

Liquidity & Velocity

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. median sold price is unavailable in the dataset, which limits direct transaction-value conclusions; this key metric is the primary indicator of market value and recent transaction activity and its absence may reflect a reporting lag or insufficient closed-sale sample for this ZIP code. data gap
2. median listing price is $224,950, which signals current seller asking expectations but, without a corresponding median sold price, the true market-clearing value remains indeterminate and sellers may need to adjust to completed-transaction outcomes.
3. median days on market is 28 days, indicating moderate time-to-contract that appears elongated relative to historically faster markets and may suggest slower sales velocity and increased buyer negotiating leverage.
4. price year-over-year trend is down and market temperature is cold, together with interest rate pressure described as elevated (Current 30-year fixed mortgage rates in Jackson, MS, are averaging approximately 6.87%), which collectively point to a buyer-favorable environment and softening price momentum.
5. median market rent is $950 and rent year-over-year trend is down, indicating rental income pressure that may reduce investor demand in the near term and suggests weaker rent-side fundamentals for buy-and-hold strategies.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.