Ocean Springs, MS Housing Market & Real Estate Update (Feb. 28, 2026)
Ocean Springs, MS – February 28, 2026 – Local prices are mixed across major dashboards as inventory stays elevated; mortgage rates slipping below 6% slightly improves affordabil…
In Ocean Springs, MS, the early spring setup looks slower-paced but better stocked, giving buyers more options and keeping negotiations in play. Market trackers also tell slightly different stories depending on whether they focus on closed sales, asking prices, or home-value indexes.
Top takeaways
- Redfin’s latest month (Jan 2026) shows a median sale price near $320K and about 67 median days on market.
- Zillow’s ZHVI estimates a typical home value around $264K; it also shows roughly 237 homes listed at month-end and a median list price near $300K.
- Freddie Mac’s weekly average 30-year fixed rate dipped to 5.98% (Feb. 26), improving the payment picture for rate-sensitive shoppers.
Market snapshot
Negotiation still appears common. Redfin notes homes selling below list on average, and Realtor.com’s overview frames time-to-sale in weeks rather than days. Rentals remain firm as well, with Zillow showing average asking rent around $1.8K.
What’s for sale
- Entry-level single-family homes and smaller condos where price cuts are showing up on major portals.
- Move-in-ready 3–4 bedroom subdivisions, plus a smaller set of higher-end waterfront options.
Locally, are you seeing more showings, more price cuts, or more buyers holding out for even lower rates?