Magee Housing Market Update: Values Dip Slightly as Listings Hold Steady
Magee, MS – March 15, 2026 – Home values are easing slightly while inventory holds steady, with 30+ listings and rents near $670 per month.
Magee Housing Market Snapshot
- Typical home value: $157,936, down 1.1% year over year.
- About 33 homes listed for sale at year-end.
- Median list price around $235,717.
- Average rent: $671 per month, up 2.8% from a year ago.
Home values in Magee are modestly lower than a year ago, reflecting a 1.1% annual dip in the typical value to $157,936 based on late 2025 data. While the decline is slight, it signals a more measured pace of appreciation compared to prior periods. For buyers monitoring affordability, even small shifts can influence purchasing power in a price-sensitive market.
Inventory remains limited but steady, with roughly 33 homes listed for sale at last check. The median list price stands near $235,717, indicating a range of properties on the market—from smaller, more affordable homes to larger residences at higher price points. The gap between typical value and median list price suggests a mix of newer listings and higher-end offerings alongside established housing stock.
What’s for Sale
Current listings highlight a variety of options:
- Two-bedroom homes priced under $200K.
- Three-bedroom properties approaching or exceeding $230K.
Market pace appears measured rather than rapid. Statewide data show homes spending longer on the market compared to last year, a pattern that may also shape negotiations locally. Buyers could find more room for discussion on pricing or concessions, particularly for homes that have lingered.
Rental Market Trends
The rental segment remains notably affordable. Average monthly rent is about $671, up 2.8% from a year earlier. While the increase is modest, it points to steady demand. Compared to national benchmarks, local rents remain significantly lower, which can attract tenants seeking budget-friendly options.
State Context
Across Mississippi, February 2026 median sale prices were up 2.8% year over year. At the same time, the number of homes sold declined and days on market increased. This broader cooling in transaction activity may help keep price growth contained in smaller cities, including Magee.
Overall, the combination of slightly softer home values, steady inventory, and gradual rent growth suggests a balanced environment. Buyers may benefit from stable conditions and potential negotiation leverage, while sellers with well-maintained, move-in-ready properties continue to draw interest despite a more deliberate market pace.