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Condo Foreclosures in Petal, MS

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Petal, MS Foreclosures

How much do homes sell for in Petal, MS?
The average home price is currently $222,191.
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 $1,263,990.
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 is a charming city located just south of Hattiesburg, known for its friendly atmosphere and strong community spirit. With a variety of parks, top-notch schools, and a rich history, residents enjoy a balanced lifestyle that combines small-town comforts with easy access to larger urban amenities. Petal's welcoming neighborhoods are perfect for families and individuals alike, making it an appealing place to call home.

Current Market Conditions in Petal, MS

The real estate market in Petal has seen stable growth over the past year, with an increase in demand for family homes due to the city's appealing lifestyle and convenient location. Buyers are drawn to the affordability of properties compared to nearby Hattiesburg, making Petal a strong contender for new homeowners and investors alike.

The market is characterized by a healthy number of listings, which provides buyers with various options in terms of property types and price points. The competitive nature of the market has led to quicker sales, with homes typically receiving offers soon after being listed.

Home Value Estimator For Petal, MS

There are currently 7,530 real estate properties in Petal, MS, with a median automated valuation model (AVM) price of $203,731.00. 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 $222,191.00, with the most expensive house in Petal, MS, topping out at $1,263,990.00 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 Condos


Market Trend for Petal, MS

Total Listings Available: 0

Market Values:

Home Prices from $11,335 to $1,263,990

Average Sales Price: $222,191

Rental Values:

Rental from $580 to $2,400

Average Rent Value: $1,210 / month

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