Brandon, MS Home Values & Market Trends

Real estate market trends reflect that there have been 971 transactions over the past year in Brandon. The median value for residential home transactions that occurred over the previous year is $265,833.53. The number of current listings in Brandon is 293, and the percentage of properties for sale in the city is 293.00%. Brandon, MS currently has 6 properties in foreclosure, 1 bank owned properties, 5 properties headed for auction, and 293 properties for sale.

Brandon, MS Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
39047

$ 309,662

$ 136/sqft

39042

$ 276,633

$ 133/sqft

Housing Market Summary for Brandon, MS

Apr 2023March 2024Change
Median Listing Price$289.5K$279.2K-3.57%
Median Sold Price$272K$279.2K2.64%
Homes For Sale276275-0.36%
Homes Sold341313-8.21%
Price
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Brandon, MS

Brandon home values range from $1,141 to $2,682,170. The median estimated value of a home in Brandon is $265,833.53. The median list price of a home is 289,900, and the total count of properties in the city is 28,646.

Foreclosure
There are 2 zips within Brandon, MS; within these zips, the median estimated home value for homes in foreclosure ranges from $232,778 in 39042 to the lowest value of $175,202 in 39042. Foreclosure homes account for 0.00% of properties in Brandon, MS with 39047 containing 4 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Brandon, MS with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 2 zips within Brandon, MS; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Brandon, MS ranges from the highest value of $209,985 in 39047 to the lowest value of $209,985 in 39047. Bank owned homes and properties account for 0.00% of properties in Brandon, MS. There are 2 zips within Brandon, MS; 39047 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    39047 has 3 auction properties, the highest number of properties going to auction in a single zip in the state of Brandon, MS. Auction homes and other auction properties account for 0.02% of all properties in Brandon, MS. There are 2 zips within Brandon, MS; of those zips, the median estimated home value for homes going to auction ranges from $232,778 in 39047 to the lowest value of $175,202 in 39047.
Homes for Sale
Homes and properties that are actively listed for sale account for 1.02% of residential properties in Brandon, MS with 39047 containing 186 homes for sale, the highest number of listed properties in a single zip. There are 2 zips within Brandon, MS; homes for sale in those zips, have a range of median values from $1,240,515 in 39047 to the lowest value of $1,613 in 39042.
    Sold Homes
    The median value for recently sold homes ranges from $795,066 in 39042 to the lowest price of $80,000 in 39042. There are 2 zips within Brandon, MS. 39047 has 177 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 1.19% of properties in Brandon, MS.

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      Guide for Brandon, MS

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      Are House Prices too High Near Your School? Buying A Foreclosure Could Be the Solution
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      Springfield Real Estate Grows Modestly to $153K Amidst Shifting Market Dynamics Through March 2024
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      Rising Real Estate: Biloxi Property Value Appreciates Amidst Market Fluctuations
      Market Reports|posted 9 April 2024

      Biloxi’s real estate market shows dynamic growth and consumer confidence, with property values rising from $271,000 to $290,000 within a year, despite some price fluctuations.

      Are House Prices too High Near Your School? Buying A Foreclosure Could Be the Solution
      Home Buying Guides & Tips|posted 23 April 2024

      When house prices increase near good school, what options do home buyer have?

      Springfield Real Estate Grows Modestly to $153K Amidst Shifting Market Dynamics Through March 2024
      Market Reports|posted 22 April 2024

      Market report for Springfield, Illinois, with a snapshot of property values, sales activity, price fluctuations, and comparisons with neighboring cities.

      Madison Real Estate Report: House Values Peak at $447K
      Market Reports|posted 22 April 2024

      In Madison, WI homes have seen a gradual increase in property values, and sale price reach just under 500k in early 2024.