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Foreclosure Homes in Petal, MS 39465

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Petal, MS Foreclosures

How much do homes sell for in Petal, MS?
The average home price is currently $225,554.
In Petal, MS, how many homes are available?
There are currently 55 active home listings available in Petal.
What’s the average rental cost in Petal, MS?
The average rental price in Petal is $1,210.
What is the most expensive home in Petal?
The most expensive home sold in Petal had a price of $1,332,702.
What is currently the cheapest priced home in Petal, MS?
The cheapest home for sale in Petal is priced at $11,335.

Living in Petal, MS

Petal, MS is a peaceful small town that combines southern charm with modern conveniences. Known for its strong community ties and top-rated schools, Petal offers a family-friendly environment with plenty of outdoor opportunities. Its proximity to Hattiesburg ensures residents have easy access to additional amenities and cultural experiences.

Current Market Conditions in Petal, MS

The real estate market in Petal has been stable with a slight upward trend in home prices over the last year. Buyers are attracted to the low tax rate and affordable home options available in the area, which has made it a popular choice among families and retirees alike.

During the past month, there has been an increase in the number of available homes for sale, resulting in more choices for buyers. However, despite the increase in inventory, properties continue to sell relatively quickly due to high demand.

Home Value Estimator For Petal, MS

There are currently 7,526 real estate properties in Petal, MS, with a median automated valuation model (AVM) price of $209,572.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Petal, MS, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Petal, MS, is $225,554.00, with the most expensive house in Petal, MS, topping out at $1,332,702.00 and the cheapest home in Petal, MS, clocking in at $11,335.00. In other words, there’s something for every potential homebuyer or savvy investor in Petal, MS!

Rent Prices In Petal, MS

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Petal, MS, is on a rollercoaster ride. The average rent price in Petal, MS, is $1,210.00. Indeed, when looking to rent in Petal, MS, you can expect to pay as little as $580.00 or as much as $2,400.00, with the average rent median estimated to be $1,180.00. The good news is that finding an affordable and desirable property to rent in Petal, MS -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Petal, MS 39465 Foreclosures


Market Trend for Petal, MS

Total Listings Available: 55

Market Values:

Home Prices from $11,335 to $1,332,702

Average Sales Price: $225,554

Rental Values:

Rental from $580 to $2,400

Average Rent Value: $1,210 / month

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