Shannon, MS Foreclosures
Current Market Conditions in in Shannon, MS As of January 2026?
In the past month, the Shannon real estate market has continued to experience strong demand, particularly among single-family homes. Listings that are appropriately priced tend to go under contract quickly, often within a week of being listed. The rental market has also seen an uptick as more people are considering Shannon for its affordability compared to neighboring areas. Overall, the market is stabilizing with inventory levels adjusting to meet the heightened demand, signaling positive trends for homeowners.
How much do homes sell for in Shannon, MS?
The average home price is currently $168,251.
In Shannon, MS, how many homes are available?
There are currently 1 active home listings available in Shannon.
What’s the average rental cost in Shannon, MS?
The average rental price in Shannon is $1,046.
What is the most expensive home in Shannon?
The most expensive home sold in Shannon had a price of $940,270.
What is currently the cheapest priced home in Shannon, MS?
The cheapest home for sale in Shannon is priced at $10,800.
Living in Shannon, MS
Shannon, Mississippi is a charming small town that provides a tranquil lifestyle with the benefits of both rural and urban living. Known for its friendly community and access to local amenities, it offers parks and recreational activities for outdoor enthusiasts. Residents enjoy a blend of country living and easy access to larger cities.
Buyer vs Seller Market in Shannon, MS
As of October 2023, the real estate market in Shannon, MS has shown signs of modest growth. The demand for homes has increased slightly due to the area's appeal for families looking for a more affordable living situation while still being close to urban centers. Home prices have been stable, making it an attractive option for first-time buyers and investors alike.
The housing inventory in Shannon has remained relatively low, leading to competitive pricing in certain segments of the market. New listings are often attracting multiple offers, particularly those that are well-priced and move-in ready.
Properties in Shannon tend to sell faster than they did a year ago, indicating a positive shift in buyer interest and confidence in the area.
Home Value Estimator For Shannon, MS
There are currently 1,551 real estate properties
in Shannon, MS,
with a median automated valuation model (AVM) price
of $143,563.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Shannon, 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 Shannon, MS,
is $168,251.00, with the most expensive house
in Shannon, MS, topping out
at $940,270.00 and the cheapest home
in Shannon, MS,
clocking in at $10,800.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Shannon, MS!
Rent Prices
In Shannon, MS
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Shannon, MS, is on
a rollercoaster ride. The
average rent price in Shannon, MS,
is $1,046.00. Indeed, when looking to rent in
Shannon, MS, you can expect to pay as little
as $600.00 or as much
as $2,140.00,
with the average rent median estimated to
be $1,000.00. The good news is that finding
an affordable and desirable property to rent in Shannon, 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.
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