New Listing
$38,000
10348 Shady Pine Dr
Latimer, MS 39565
Land31,363 sqft lot
Alessandra Aviz · New Trend Realty
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Latimer, MS Housing Market
Leaning buyer's-28.8% YoY
Redfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The last median sale price Redfin published was $235,000, -28.8% year over year (through May 2026). With 4.2 months of supply and homes going under contract in about 52 days, Latimer is a leaning buyer's. At today's 7.03% 30-year fixed rate, 20% down on a $235,000 home is about $1,255/mo in principal and interest.
Key numbers for Latimer, MS
Median sale price
$235,000
-28.8% year over year
Redfin, through May 2026
Days on market
52
Average pace
Redfin, through May 2026
Active listings
21
4.2 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$66,016
Home costs 3.6x income
U.S. Census ACS, 2023
Sale-to-list ratio
98.3%
Selling below asking
Redfin, through May 2026
Zillow figures 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 Latimer a buyer's or seller's market?
Leaning buyer's4.2 months of supply52 days on market98.3% of asking
Latimer, MS is a leaning buyer's, based on 4.2 months of supply and homes selling in about 52 days. 4 to 5 months of supply is the neutral band: neither side holds a structural advantage, and outcomes turn on the individual property.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Latimer housing market data show?
Every row below is Redfin's final published month for Latimer, MS. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $235,000 |
| Median list price | $262,500 |
| Year-over-year price change | -28.8% |
| Median price per sq ft | $139/sq ft |
| Median days on market | 52 days |
| Active inventory | 21 listings |
| Months of supply | 4.2 months |
| Sale-to-list price ratio | 98.3% |
| Homes sold (that month) | 5 |
| New listings (that month) | 5 |
| Listings with a price cut | 23.8% |
| Market condition | Leaning buyer's |
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 Latimer is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Latimer 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 Latimer home prices moved?
Over the last three years the median sale price in Latimer, MS fell 21.6%, from $299,900 to $235,000. 23.8% of Latimer listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 4.2 months while the sale-to-list ratio slips below its current 98.3%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Latimer?
Priced off the median sale price of $235,000 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% | $47,000 | $188,000 | $1,255/mo |
| 5% | $11,750 | $223,250 | $1,490/mo |
Redfin, through May 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 $1,255, that implies roughly $53,767 a year before you add taxes and insurance. The median household in Latimer earns $66,016, about $12,249 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 3.6x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Latimer in the next 12 months?
Tell us your timeline. We send the Latimer 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 Latimer?
Zillow does not publish a rent index (ZORI) for Latimer, 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 Latimer?
Active listings in Latimer, MS went from 16 in May 2025 to 21 in May 2026, a +31.3% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 22 | 10 |
| July 2025 | 16 | 6 |
| August 2025 | 14 | 2 |
| September 2025 | 17 | 13 |
| October 2025 | 16 | 16 |
| November 2025 | 17 | 10 |
| December 2025 | 14 | 4 |
| January 2026 | 16 | 8 |
| February 2026 | 13 | 5 |
| March 2026 | 27 | 20 |
| April 2026 | 24 | 6 |
| May 2026 | 21 | 5 |
Redfin, through May 2026
How does Latimer compare to Mississippi and the U.S.?
Latimer homes sell for $235,000 — 17% below the Mississippi median of $284,300. Against the national median of $410,700, Latimer runs 43% lower. Year-over-year, Latimer moved -28.8% against Mississippi's +5.7% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Latimer, MS | $235,000 | -28.8% | 52 days |
| Mississippi statewide | $284,300 | +5.7% | 47 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Latimer
What buyers should watch
- Months of supply, currently 4.2. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 23.8%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $235 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 $235,000 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 Latimer listing goes under contract in 52 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 98.3% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Latimer added 5 new listings against 5 sales — more clearing than arriving, which is the better window to list.
- Comparable ZIP-level pricing inside Latimer varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Latimer
There are currently 21 homes listed for sale in Latimer, Mississippi. The median listing price is $263K. Featured listings range from $38,000 to $435,000.
New Listing
24
$159,900
14201 Briarwood Dr
Latimer, MS 39565
3 bd2 ba1,344 sqft$119/ft²
Mobile home33,106 sqft lot
Michelle Filipich · Coldwell Banker Alfonso Realty-Lorraine Rd
View photos & details
18
$180,000
10628 Oak St
Latimer, MS 39565
4 bd1 ba1,350 sqft$133/ft²
House15,246 sqft lot
Erin Valencia Jermyn · NextHome Simplicity (BOF)
View photos & details
New Listing
19
$197,000
10612 Oak St
Latimer, MS 39565
3 bd1 ba1,339 sqft$147/ft²
House16,117 sqft lot
Jennifer Johnson · Cameron Bell Properties, Inc.
View photos & details
12
$260,000
14921 Masterson Ave
Latimer, MS 39565
6 bd4 ba2,100 sqft$124/ft²
Multi-family6,098 sqft lot
Justin Britt · Epique
View photos & details
26
$260,000
9608 Theriot Ave
Latimer, MS 39565
6 bd4 ba2,100 sqft$124/ft²
Multi-family21,780 sqft lot
Justin Britt · Epique
View photos & details
$260,000
14917 Masterson Ave
Latimer, MS 39565
6 bd4 ba2,100 sqft$124/ft²
Multi-family5,663 sqft lot
Justin Britt · Epique
View photos & details
$260,000
14919 Masterson Ave
Latimer, MS 39565
6 bd4 ba2,100 sqft$124/ft²
Multi-family6,098 sqft lot
Justin Britt · Epique
View photos & details
27
$290,000
15220 Cypress Way
Latimer, MS 39532
4 bd2 ba1,969 sqft$147/ft²
House10,454 sqft lot
Yana Sachleben · Stars and Stripes Realty, LLC.
View photos & details
New Build
15
$347,400
13969 Glendale Rd
Latimer, MS 39565
4 bd2 ba1,920 sqft$181/ft²
House28,314 sqft lot
Tai Tri Nguyen · Wise Realty, LLC
View photos & details
Price Drop −$10K
32
$359,900
9556 Mallette Dr
Latimer, MS 39532
4 bd3 ba2,377 sqft$151/ft²
House13,504 sqft lot
Kristen Price · Keller Williams
View photos & details
65
$435,000
8724 Park Ridge Ct
Latimer, MS 39532
5 bd3 ba3,146 sqft$138/ft²
House20,038 sqft lot
Crystal Boggs · NextHome HomeFront
View photos & details
Looking to buy in Latimer?
Get connected with a local real estate expert — free, no obligation.
Active listings
21
Homes on market
Median list price
$263K
Avg. days on market
52
Days until sale
New this week
5
Newly listed
Price drops:23.8%of listings
Sale-to-list:98.3%
How much do homes cost in Latimer by property type?
How the Latimer, MS market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $235,000 | $139/sq ft | 5 | 52 days |
Who lives in Latimer?
American Community Survey estimates for Latimer. U.S. Census ACS, 2023
Population
6,474
Households
2,254
Median income
$66,016/yr
Median age
38.4 years
Owner-occupied
78.7%
Median home value
$178,500
Median gross rent
$1,126/mo
Mean commute
22.9 min
78.7% of occupied homes in Latimer 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.
Which cities are near Latimer, MS?
Ordered by distance from Latimer, not by size. Compare Latimer side by side with any of them.
Which ZIP codes are in Latimer?
These are the ZIP codes we see on active Latimer listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Latimer housing market FAQ
Is Latimer a buyer's or seller's market?
Latimer, MS is currently a leaning buyer's. That read comes from 4.2 months of supply, homes going under contract in about 52 days, and sellers getting 98.3% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Latimer?
The median sale price in the last month Redfin published was $235,000, about $139 per square foot.
Is Latimer cheaper than the rest of Mississippi?
Latimer's median sale price of $235,000 is 17% lower than the Mississippi statewide median of $284,300, and 43% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Latimer?
Homes in Latimer, MS spent a median of 52 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 Latimer?
At the current 30-year fixed rate of 7.03%, 20% down on a $235,000 home is about $1,255 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $53,767 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $66,016.
Are home prices rising in Latimer?
Redfin's last published year-over-year change for Latimer, MS was -28.8%, measured through May 2026. That series is frozen; treat it as a historical reading rather than a current trend.
What are the cheapest ZIP codes in Latimer?
Latimer 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 Latimer?
That depends on your timeline, not on a headline. What the data says today: Latimer, MS is a leaning buyer's with 4.2 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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