Homes for sale in the Jackson area fall to $ 138,000 median price
A typical Hinds County home listed for $ 1[ads1]38,000 in April, down 16.4% from a month earlier, according to a data analysis from Realtor.com.
The median list housing price in April was down approx. 25.8% from April 2021. Hinds County’s median residence was 1,729 square feet for a list price of $ 91 per square foot.
The Hinds County market was busy, with a median of 35 days on the market. One month earlier, homes had a median of 39 days on the market. The market added 252 new homes in April, compared to 160 added in April 2021. The market ended the month with around 260 homes for sale.
Information about your local housing market is available through the USA TODAY Network, with more data from Realtor.com.
What were house prices in the Jackson area in April? Here is an overview of county by county
Rankin County house prices rose 6.6%, to a median $ 379,900, from a month earlier. The typical house was on the market for 36 days, from 23 days a month earlier. The typical house of 2250 square meters had a list price of $ 169 per square foot.
Madison County home prices rose 4.4%, to a median of $ 660,150, from a month earlier. The typical house was on the market for 39 days, from 48 days a month earlier. The typical house of 3429 square meters had a list price of $ 184 per square foot.
Over the Jackson subway station, median housing prices fell to $ 304,999, down 2.5% from a month earlier. The median home was 2206 square feet, at a list price of $ 132 per square foot.
Across the Mississippi, median home prices were $ 258,000, up 5.5% from a month earlier. The median house in Mississippi for sale had 2,021 square feet at a list price of $ 120 per square foot.
Across the United States, median house prices were $ 425,000, up 5% from a month earlier. The average American house for sale was 1,821 square feet, listed at $ 220 per square foot.
The median house list price – the midpoint of all the houses or units listed over a period of time – is used more often in this report instead of the average house list price because experts say the median gives a more accurate picture of what is happening in a market. To find the average price, add all prices to homes that are listed, and then divided by the number of homes sold. This measure can be skewed by one low or high price.
USA TODAY Network publishes localized versions of this story on its news sites across the country, generated with data from Realtor.com’s housing list database. The story was written by Mike Stucka and Sean Lahman.