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Featured local agent — Inverness, MS
Sarah Mitchell
Compass Real Estate · Inverness, MS
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Inverness, MS Housing Market
The typical home in Inverness, MS is worth $116,087, fell 2.8% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $201,565 (through May 2026). With 2.0 months of supply and homes going under contract in about 60 days, Inverness is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $116,087 home is about $620/mo in principal and interest.
Key numbers for Inverness, MS
Typical home value
$116,087
-2.8% in 12 months
Zillow, August 2026
Median sale price
$201,565
Last published period
Redfin, through September 2025
Days on market
60
Average pace
Redfin, through September 2025
Active listings
2
2.0 months of supply
Redfin, through September 2025
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$52,250
Home costs 2.2x income
U.S. Census ACS, 2023
Sale-to-list ratio
103.1%
Selling above asking
Redfin, through September 2025
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Inverness a buyer's or seller's market?
Inverness, MS is a seller's market, based on 2.0 months of supply and homes selling in about 60 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Inverness housing market data show?
Every row below is Redfin's final published month for Inverness, MS. Redfin, through September 2025
| Metric | Value |
|---|---|
| Median sale price | $201,565 |
| Median list price | $140,000 |
| Median price per sq ft | $104/sq ft |
| Median days on market | 60 days |
| Active inventory | 2 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 103.1% |
| Homes sold (that month) | 1 |
| New listings (that month) | 1 |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Inverness is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Inverness is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Inverness home prices moved?
We hold fewer than three months of sale history for Inverness, MS, which is not enough to draw a trend line without misleading you. The Zillow value figures above are the current read for this city.
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What does it cost to buy a home in Inverness?
Priced off the typical home value of $116,087 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $23,217 | $92,869 | $620/mo |
| 5% | $5,804 | $110,282 | $736/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $620, that implies roughly $26,560 a year before you add taxes and insurance. The median household in Inverness earns $52,250, about $25,690 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 2.2x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Inverness in the next 12 months?
Tell us your timeline. We send the Inverness market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Inverness?
Zillow does not publish a rent index (ZORI) for Inverness, MS, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Inverness?
We hold fewer than two months of inventory readings for Inverness, MS, so there is no trend to report yet. The most recent count we have is 2 active listings (Redfin, through May 2026).
How does Inverness compare to Mississippi and the U.S.?
Inverness homes sell for $201,565 — 29% below the Mississippi median of $284,300. Against the national median of $410,700, Inverness runs 51% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Inverness, MS | $201,565 | not published | 60 days |
| Mississippi statewide | $284,300 | +5.7% | 47 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through September 2025 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Inverness
What buyers should watch
- Months of supply, currently 2.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $116 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $116,087 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Inverness listing goes under contract in 60 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 103.1% of asking. Price at the number you want and let competition do the rest.
- In the last published month Inverness added 1 new listings against 1 sales — more clearing than arriving, which is the better window to list.
- Your equity moved -2.8% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Inverness varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Inverness
There are currently 2 homes listed for sale in Inverness, Mississippi. The median listing price is $140K.
Active listings
2
Homes on market
Median list price
$140K
Avg. days on market
60
Days until sale
New this week
1
Newly listed
How much do homes cost in Inverness by property type?
How the Inverness, MS market breaks down across single-family homes, condos and townhouses. Redfin, through September 2025
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $201,565 | $104/sq ft | 1 | 60 days |
Who lives in Inverness?
American Community Survey estimates for Inverness. U.S. Census ACS, 2023
Population
757
Households
345
Median income
$52,250/yr
Median age
43.2 years
Owner-occupied
66.7%
Median home value
$136,200
Median gross rent
$550/mo
Mean commute
21.6 min
66.7% of occupied homes in Inverness are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $136,200 against Zillow's $116,087 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which cities are near Inverness, MS?
Ordered by distance from Inverness, not by size. Compare Inverness side by side with any of them.
Inverness housing market FAQ
Is Inverness a buyer's or seller's market?
Inverness, MS is currently a seller's market. That read comes from 2.0 months of supply, homes going under contract in about 60 days, and sellers getting 103.1% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Inverness?
The typical home in Inverness, MS is worth $116,087 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $201,565, about $104 per square foot.
Is Inverness cheaper than the rest of Mississippi?
Inverness's median sale price of $201,565 is 29% lower than the Mississippi statewide median of $284,300, and 51% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Inverness?
Homes in Inverness, MS spent a median of 60 days on market before going under contract, versus 47 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Inverness?
At the current 30-year fixed rate of 7.03%, 20% down on a $116,087 home is about $620 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $26,560 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $52,250.
Are home prices rising in Inverness?
The typical home value in Inverness, MS fell 2.8% over the last 12 months, from $119,477 to $116,087 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Inverness?
Inverness ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Inverness?
That depends on your timeline, not on a headline. What the data says today: Inverness, MS is a seller's market with 2.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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