Grenada, MS metro area Housing Market
Cold MarketComprehensive housing market data for the Grenada, MS metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: January 2026
Median Sale Price
$73K
↓ 65.0% YoY
Days on Market
64 days
↓ 49.2% YoY
Active Inventory
17
↓ 50.0% YoY
Homes Sold
3
↑ 50.0% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Grenada, MS metro area Market Summary
The Grenada, MS metro area housing market is cooling down. As of January 2026, the median home sale price is $73K, down 65.0% year-over-year. Homes are spending a median of 64 days on the market, 49.2% shorter than a year ago.
There are 17 homes for sale — 50.0% fewer than last year. With 5.7 months of supply, this is a balanced market. 4 new listings were added during this period, down 0.0% year-over-year.
Homes are selling for 85.0% of their list price on average, suggesting room for negotiation. 0.0% of homes sell above their asking price. 23.5% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
81
Contributing Factors
How This Market Compares
vs. National Median
vs. Mississippi Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. High inventory relative to sales pace means buyers have options and sellers may be flexible on price. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 83% below the national median, which could indicate stronger cash flow potential.
Grenada, MS metro area Market Trends
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Price per Square Foot
Sale-to-List Ratio
New Listings
Listings with Price Drops
Detailed Market Metrics
Median List Price
$132K
Price per Sq Ft
$54
Sale-to-List Ratio
85.0%
Months of Supply
5.7
Sold Above List
0.0%
Price Drops
23.5%
New Listings
4
– 0.0% YoY
Pending Sales
3
Off Market in 2 Weeks
0.0%
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.