Grenada, MS Housing Market Update: Prices Soft, Inventory Steady
Grenada, MS – March 14, 2026 – Home prices remain below last year’s levels as listings hover near 80-plus and rents hold steady.
Home prices in Grenada, MS remain below last year’s levels, while active listings continue to offer a mix of entry-level homes, larger properties, and acreage.
Top takeaways
- Median sale price around $73K in January, down year over year.
- Roughly 80+ homes actively listed across the city.
- Homes are taking several months to sell on average.
- Average apartment rent near $727 per month as of February.
Market snapshot
Recent data show the median home sale price near $73,000 in January 2026, a notable drop compared to a year earlier. Price per square foot has edged higher, but overall values remain modest by state standards. Homes are spending about five months on the market, and only a handful of sales closed in the most recent month, pointing to slower transaction volume.
For buyers, that slower pace can mean more room to negotiate. For sellers, realistic pricing and property condition remain key as inventory builds gradually.
What’s for sale
Search results show about 80–85 active listings in Grenada, ranging from foreclosures under $100K to move-in-ready homes between $150K and $300K. Larger properties with acreage and higher-end finishes are also available above $600K, though these tend to sit longer on the market.
Land listings, including multi-acre tracts, continue to attract interest from buyers looking to build or invest outside the core neighborhoods.
Rental check
Apartment data indicate average rents around $727 per month as of February 2026, with modest year-over-year increases. That keeps local rents well below national averages, which may continue to support steady renter demand.
Looking ahead
With homes taking longer to sell and prices adjusting downward, early spring activity will be worth watching. Are you seeing more showings, price cuts, or new listings in your neighborhood?
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