Southaven housing market update: prices up YoY, faster turn times, and rates below 6%
Southaven, MS – March 3, 2026 – Home prices remain higher year over year, while days on market improved; buyers watch rates and new projects.
This March 3, 2026 housing and real estate check-in for Southaven, MS points to a market that is still running above last year on pricing, while buyers are seeing modest improvement in how quickly homes are moving. As always, local conditions can vary block to block, so these figures work best as a broad snapshot and a starting point for comparing specific neighborhoods and home types.
Top takeaways (recent snapshot)
- Median sale price: about $293K in January 2026 (+10.4% YoY).
- Time to sell: homes averaged 52 days on market vs 61 a year earlier.
- Mortgage rates: the national 30-year fixed rate averaged 5.98% (Freddie Mac, 2/26/2026).
Market snapshot: sales, pricing, and rent context
On the sales side, Redfin reports 46 homes sold in January (+21.1% YoY). Price-per-square-foot also remained higher year over year, with a reported median of $156 per sq ft (+4.7% YoY). Together, higher pricing and improved days on market suggest that, even with affordability still front-and-center for many households, well-positioned listings can continue to attract demand.
For renters, average apartment rent is listed around $1,411, with a 1-bedroom near $1,352. For households weighing rent versus buy, these rent figures provide helpful context alongside the current mortgage-rate environment.
Development & permitting watch
A major headline item locally is the announced xAI data center investment on Stateline Road. The project has prompted public discussion around permitting as well as potential neighborhood impacts, making it a development worth tracking as more details and timelines become public.
For-sale & rental scan
- For-sale range check: single-family listings include 3-bed homes in the low-to-mid $200Ks, with larger 4–5 bed options around $395K–$483K.
- Rental shopping note: rent pricing varies by unit size; compare 1–3 bed options before signing or renewing.
What are you seeing right now: more price cuts, or fewer showings?
Sources
- https://www.redfin.com/city/17717/MS/Southaven/housing-market
- https://www.freddiemac.com/pmms
- https://www.rentcafe.com/average-rent-market-trends/us/ms/southaven/
- https://www.zillow.com/southaven-ms/
- https://www.actionnews5.com/2026/01/08/largest-economic-development-history-20-billion-dollar-data-center-coming-southaven/