Brokers — List your Company Here
Featured local agent — Red Banks, MS
Sarah Mitchell
Compass Real Estate · Red Banks, MS
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Red Banks, MS Housing Market
The typical home in Red Banks, MS is worth $262,071, rose 5.6% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $297,500 (through May 2026). With 0.5 months of supply and homes going under contract in about 65 days, Red Banks is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $262,071 home is about $1,399/mo in principal and interest.
Key numbers for Red Banks, MS
Typical home value
$262,071
+5.6% in 12 months
Zillow, August 2026
Median sale price
$297,500
Last published period
Redfin, through May 2025
Days on market
65
Slow-moving
Redfin, through May 2025
Active listings
1
0.5 months of supply
Redfin, through May 2025
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Sale-to-list ratio
100.0%
Selling above asking
Redfin, through May 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 Red Banks a buyer's or seller's market?
Red Banks, MS is a seller's market, based on 0.5 months of supply and homes selling in about 65 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Red Banks housing market data show?
Every row below is Redfin's final published month for Red Banks, MS. Redfin, through May 2025
| Metric | Value |
|---|---|
| Median sale price | $297,500 |
| Median list price | $299,000 |
| Median price per sq ft | $178/sq ft |
| Median days on market | 65 days |
| Active inventory | 1 listings |
| Months of supply | 0.5 months |
| Sale-to-list price ratio | 100.0% |
| Homes sold (that month) | 2 |
| New listings (that month) | 1 |
| Listings with a price cut | 100.0% |
| 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 Red Banks is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Red Banks 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 Red Banks home prices moved?
Across the 8 months we hold for Red Banks, MS, the median sale price fell 2.5%, from $305,000 in June 2021 to $297,500. The live Zillow value series has rose 5.6% in the last 12 months, which is the more current read now that Redfin's series has stopped. 100.0% of Red Banks listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 0.5 months while the sale-to-list ratio slips below its current 100.0%. Watch those two together — they move before the median does.
Redfin, through May 2025 — the chart ends at Redfin's final published month.
Get Red Banks market alerts
Weekly updates on prices, inventory, and trends. Free forever.
What does it cost to buy a home in Red Banks?
Priced off the typical home value of $262,071 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% | $52,414 | $209,657 | $1,399/mo |
| 5% | $13,104 | $248,967 | $1,661/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 $1,399, that implies roughly $59,960 a year before you add taxes and insurance. We do not hold a Census income figure for Red Banks, so we cannot compare that threshold to local earnings.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Red Banks in the next 12 months?
Tell us your timeline. We send the Red Banks 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 Red Banks?
Zillow does not publish a rent index (ZORI) for Red Banks, 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 Red Banks?
Active listings in Red Banks, MS went from 1 in August 2021 to 1 in May 2025, a +0.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| August 2021 | 1 | 1 |
| November 2021 | 1 | 1 |
| May 2025 | 1 | 1 |
Redfin, through May 2025
How does Red Banks compare to Mississippi and the U.S.?
Red Banks homes sell for $297,500 — 5% above the Mississippi median of $284,300. Against the national median of $410,700, Red Banks runs 28% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Red Banks, MS | $297,500 | not published | 65 days |
| Mississippi statewide | $284,300 | +5.7% | 47 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2025 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Red Banks
What buyers should watch
- Months of supply, currently 0.5. 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 100.0%. 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 $262 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 $262,071 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 Red Banks listing goes under contract in 65 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 100.0% of asking. Price at the number you want and let competition do the rest.
- In the last published month Red Banks added 1 new listings against 2 sales — more clearing than arriving, which is the better window to list.
- Your equity moved +5.6% 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 Red Banks varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Red Banks
There are currently 1 homes listed for sale in Red Banks, Mississippi. The median listing price is $299K.
Active listings
1
Homes on market
Median list price
$299K
Avg. days on market
65
Days until sale
New this week
1
Newly listed
How much do homes cost in Red Banks by property type?
How the Red Banks, MS market breaks down across single-family homes, condos and townhouses. Redfin, through May 2025
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $297,500 | $178/sq ft | 2 | 65 days |
Who lives in Red Banks?
American Community Survey estimates for Red Banks. U.S. Census ACS, 2023
Population
58
Households
27
Median age
72.4 years
Owner-occupied
100.0%
100.0% of occupied homes in Red Banks 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 Red Banks, MS?
Ordered by distance from Red Banks, not by size. Compare Red Banks side by side with any of them.
Red Banks housing market FAQ
Is Red Banks a buyer's or seller's market?
Red Banks, MS is currently a seller's market. That read comes from 0.5 months of supply, homes going under contract in about 65 days, and sellers getting 100.0% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Red Banks?
The typical home in Red Banks, MS is worth $262,071 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $297,500, about $178 per square foot.
Is Red Banks cheaper than the rest of Mississippi?
Red Banks's median sale price of $297,500 is 5% higher than the Mississippi statewide median of $284,300, and 28% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Red Banks?
Homes in Red Banks, MS spent a median of 65 days on market before going under contract, versus 47 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Red Banks?
At the current 30-year fixed rate of 7.03%, 20% down on a $262,071 home is about $1,399 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $59,960 a year before taxes, insurance, HOA dues or mortgage insurance.
Are home prices rising in Red Banks?
The typical home value in Red Banks, MS rose 5.6% over the last 12 months, from $248,119 to $262,071 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Red Banks?
Red Banks 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 Red Banks?
That depends on your timeline, not on a headline. What the data says today: Red Banks, MS is a seller's market with 0.5 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
Be the brokerage on this page
1 slot per pageGet featured on Red Banks, MS
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Keep researching Red Banks
Nearby markets
Get the Red Banks market brief
Get the Red Banks, MS market brief
One email: what homes are actually clearing at around $262,071, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.