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Featured local agent — Richland, MS
Sarah Mitchell
Compass Real Estate · Richland, MS
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Richland, MS Housing Market & Real Estate
Housing market overview · Updated monthly ·
$212,000median sale price
How is the Richland, MS housing market right now?
The median home sale price in Richland, MS is $212,000, down 5.8% year-over-year. Homes sell in an average of 11 days with 14 active listings. The market is currently a seller's 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 Richland a buyer's or seller's market?
Richland, MS is currently a seller's market, based on 4.7 months of supply and homes selling in about 11 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
11
Fast-moving
Active listings
14
4.7 months supply
Sale-to-list
101.2%
Above asking
What does the Richland housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $212,000 |
| Median list price | $235,000 |
| Year-over-year price change | -5.8% |
| Average days on market | 11 days |
| Active inventory | 14 listings |
| Months of supply | 4.7 months |
| Sale-to-list price ratio | 101.2% |
| Median price per sq ft | $168/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 4 |
| Listings with a price cut | 35.7% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Richland by property type?
How the Richland, 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 | $212,000 | $168/sq ft | 3 | 11 days |
Source: Redfin · Updated monthly
The Richland housing market is currently classified as a seller's market with a median sale price of $212,000. Prices have fallen 5.8% compared to last year, with homes spending an average of 11 days on market, indicating 4.7 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 3.5x provides context for how home values compare to local earning capacity.
Homes for sale in Richland
There are currently 14 homes listed for sale in Richland, Mississippi. The median listing price is $235K.
Active listings
14
Homes on market
Median list price
$235K
Avg. days on market
11
Days until sale
New this week
4
Newly listed
Who lives in Richland?
Population
7,250
Median income
$63,611/yr
Median age
37.2 years
Owner-occupied
74.3%
College grads
25.1%
Avg commute
19.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Richland?
Zillow home value
$223,111
Price-to-income
3.5x
Source: Zillow Research
What is it like to live in Richland?
Richland is a community of approximately 7K residents with a median age of 37.2 years.The median household income is $63,611, which represents a working-class community with solid middle-income opportunities. 25.1% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 74.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 19.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Richland offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Richland?
3 schools tracked · 1,600 students
The largest public schools serving Richland, 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.
RICHLAND HIGH SCHOOL
Grades 7-12 · 771 students
RICHLAND UPPER ELEMENTARY
Grades 3-6 · 469 students
RICHLAND ELEMENTARY SCHOOL
Grades PK-2 · 360 students
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 Richland, MS?
Want a head-to-head view? Compare Richland side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Richland?
The median home sale price in Richland is $212,000, down 5.8% from last year.
How long do homes stay on market in Richland?
Homes typically spend 11 days on market before going under contract.
What is the median income in Richland?
The median household income is $63,611 per year.
Is Richland a buyer's or seller's market?
With 4.7 months of supply, Richland is currently a seller's market.
What is the Zillow home value estimate for Richland?
The Zillow Home Value Index (ZHVI) for Richland is $223,111, representing the typical home value in the area.
How much does a single-family home cost in Richland?
The median single-family home price in Richland, MS is $212,000 (about $168 per square foot).
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