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Featured local agent — Grenada, MS
Sarah Mitchell
Compass Real Estate · Grenada, MS
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Grenada, MS Housing Market & Real Estate
Housing market overview · Updated monthly ·
$15,000median sale price
How is the Grenada, MS housing market right now?
The median home sale price in Grenada, MS is $15,000, down 88.0% year-over-year. Homes sell in an average of 108 days with 8 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Grenada a buyer's or seller's market?
Grenada, MS is currently a balanced market, based on 2.7 months of supply and homes selling in about 108 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
108
Average pace
Active listings
8
2.7 months supply
Sale-to-list
87.5%
Below asking
What does the Grenada housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $15,000 |
| Median list price | $124,900 |
| Year-over-year price change | -88.0% |
| Average days on market | 108 days |
| Active inventory | 8 listings |
| Months of supply | 2.7 months |
| Sale-to-list price ratio | 87.5% |
| Median price per sq ft | $10/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 1 |
| Listings with a price cut | 25.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Grenada by property type?
How the Grenada, 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 | $15,000 | $10/sq ft | 3 | 108 days |
Source: Redfin · Updated monthly
The Grenada housing market is currently classified as a balanced market with a median sale price of $15,000. Prices have fallen 88.0% compared to last year, with homes spending an average of 108 days on market, indicating 2.7 months of inventory.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 3.1x provides context for how home values compare to local earning capacity.
Homes for sale in Grenada
There are currently 8 homes listed for sale in Grenada, Mississippi. The median listing price is $125K.
Active listings
8
Homes on market
Median list price
$125K
Avg. days on market
108
Days until sale
New this week
1
Newly listed
Who lives in Grenada?
Population
12,484
Median income
$42,470/yr
Median age
38 years
Owner-occupied
53.5%
College grads
26.8%
Avg commute
16.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Grenada?
Zillow home value
$133,061
Price-to-income
3.1x
Source: Zillow Research
What is it like to live in Grenada?
Grenada is a community of approximately 12K residents with a median age of 38 years.The median household income is $42,470, which represents a working-class community with solid middle-income opportunities. 26.8% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 53.5%, showing a blend of owner and renter-occupied properties. The average commute time is 16.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Grenada offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Grenada?
5 schools tracked · 3,851 students
The largest public schools serving Grenada, MS by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
GRENADA ELEMENTARY SCHOOL
Grades PK-5 · 2,006 students
GRENADA HIGH
Grades 9-12 · 1,048 students
GRENADA MIDDLE SCHOOL
Grades 6-8 · 797 students
GRENADA VOC COMPLEX
Grades 9-12
GRENADA ENRICHMENT & TRANSITION CEN
Grades 6-12
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Grenada, MS?
Want a head-to-head view? Compare Grenada side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Grenada?
The median home sale price in Grenada is $15,000, down 88.0% from last year.
How long do homes stay on market in Grenada?
Homes typically spend 108 days on market before going under contract.
What is the median income in Grenada?
The median household income is $42,470 per year.
Is Grenada a buyer's or seller's market?
With 2.7 months of supply, Grenada is currently a balanced market.
What is the Zillow home value estimate for Grenada?
The Zillow Home Value Index (ZHVI) for Grenada is $133,061, representing the typical home value in the area.
How much does a single-family home cost in Grenada?
The median single-family home price in Grenada, MS is $15,000 (about $10 per square foot).
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