Monticello Housing Update: Modest Prices, Limited Inventory Entering Spring
Monticello, MS – March 15, 2026 – Home prices remain moderate with limited inventory and slower sales, while land listings offer options this spring.
The Monticello housing market remains small and steady heading into mid-March, with limited inventory and moderate pricing continuing to shape activity. Buyers and sellers alike are navigating a slower-paced environment typical of a rural market, with modest price points compared to many surrounding areas.
Top takeaways
- Median sale price around $145K, down year over year.
- About 13 homes actively listed.
- Homes averaging roughly 83 days on market.
- Land and small-acreage tracts remain available.
Market snapshot
Recent data from Redfin places the median sale price near $145,000. While overall pricing has dipped compared to last year, price per square foot has trended higher. Sales volume remains light, with only a small number of recent closings reported. Properties are typically spending close to three months on the market, signaling a slower but stable sales cycle.
Realtor.com shows a median listing price around $136,000, underscoring the area’s relative affordability. Inventory is tight, with roughly a dozen single-family homes available at any given time. That limited supply keeps choices narrow, though the pace of transactions gives buyers time to evaluate options.
What’s for sale
Active listings range from smaller homes priced under $100,000 to updated three-bedroom properties in the $150K–$225K range. Some homes feature larger lots, storage buildings, or flexible outdoor space. For those looking beyond existing homes, land listings just outside town include parcels of roughly four acres priced under $60,000. These tracts may appeal to buyers considering new construction or manufactured housing.
With modest supply and longer marketing times, buyers may find room to negotiate, particularly on properties that have been listed for several weeks. Sellers appear to be pricing competitively to capture early spring interest as the market transitions into a traditionally more active season.