Is Jackson, MS 39203 a buyer’s or seller’s market?
Jackson is a balanced market. With about 4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Jackson housing market right now
In the three months ending August 31, 2026, 0% of homes in Jackson, MS 39203 sold above their list price, the typical home went under contract in 74 days and there were 4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 4 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (252 days then) and the median sale price rose 44% to $25,939. Overall, Jackson is more competitive than a year ago, so tougher for buyers.
Within Hinds County, homes here sell more slowly than in 93% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Utica 39175 (50% sold over asking) and Byram 39272 (28% sold over asking) are even more competitive.
Run the numbers for 39203
Nearby markets
Bolton 39041 — /sq ftByram 39272Seller’s market $143 /sq ftClinton 39056Seller’s market $139 /sq ftEdwards 39066Seller’s market $108 /sq ft Browse all markets →Towns like Jackson nearby
Find towns like Jackson in other states →Where Jackson is
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Questions about Jackson real estate
Is Jackson a buyer’s or seller’s market?
A balanced market: there were 4 months of supply in Jackson, MS 39203 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Jackson?
The typical home went under contract in 74 days in the latest three months.
Do homes in Jackson sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 84.0% of the list price.
What are property taxes in Jackson?
About 0.88% of a home’s value a year in Hinds County, or roughly $3,520 on a $400,000 home.
What is the median home price in Jackson?
The median sale price was $25,939 in the three months ending August 31, 2026, about $29 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology