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Featured local agent — Algoma, MS
Sarah Mitchell
Compass Real Estate · Algoma, MS
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Algoma, MS Housing Market & Real Estate
Housing market overview · Updated monthly ·
$500,000median sale price
How is the Algoma, MS housing market right now?
The median home sale price in Algoma, MS is $500,000. Homes sell in an average of 1 days. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of April 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Algoma a buyer's or seller's market?
Algoma, MS is currently a seller's market and homes selling in about 1 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
1
Fast-moving
Active listings
—
Sale-to-list
100.4%
Above asking
What does the Algoma housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $500,000 |
| Median list price | $340,000 |
| Average days on market | 1 days |
| Sale-to-list price ratio | 100.4% |
| Median price per sq ft | $120/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 1 |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Algoma by property type?
How the Algoma, MS market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $500,000 | $120/sq ft | 1 | 1 days |
Source: Redfin · Updated monthly
The Algoma housing market is currently classified as a seller's market with a median sale price of $500,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 1 days on market.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.1x provides context for how home values compare to local earning capacity.
Homes for sale in Algoma
Explore homes currently listed for sale in Algoma, Mississippi across major real estate platforms.
Who lives in Algoma?
Population
1,065
Median income
$60,000/yr
Median age
36.1 years
Owner-occupied
84.2%
College grads
21.8%
Avg commute
24.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Algoma?
Zillow home value
$247,371
Price-to-income
4.1x
Source: Zillow Research
What is it like to live in Algoma?
Algoma is a community of approximately 1K residents with a median age of 36.1 years.The median household income is $60,000, which represents a working-class community with solid middle-income opportunities. 21.8% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 84.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 24.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Algoma offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Algoma, MS?
Want a head-to-head view? Compare Algoma side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Algoma?
The median home sale price in Algoma is $500,000, down 0.0% from last year.
How long do homes stay on market in Algoma?
Homes typically spend 1 days on market before going under contract.
What is the median income in Algoma?
The median household income is $60,000 per year.
What is the Zillow home value estimate for Algoma?
The Zillow Home Value Index (ZHVI) for Algoma is $247,371, representing the typical home value in the area.
How much does a single-family home cost in Algoma?
The median single-family home price in Algoma, MS is $500,000 (about $120 per square foot).
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