Is Richland, MS 39218 a buyer’s or seller’s market?
Richland is a seller’s market. With about 2.3 months of supply and 12% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 46% of U.S. ZIP codes, and #9 of 89 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Richland housing market right now
In the three months ending August 31, 2026, 12% of homes in Richland, MS 39218 sold above their list price, the typical home went under contract in 16 days and there were 2.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 17 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 33%, homes sold about as fast and the median sale price rose 4% to $244,894. Overall, Richland is less competitive than a year ago, which gives buyers more room.
Within Rankin County, homes here sell faster than in any other ZIP code in the county, and sell more often over asking than in 83%. On our competition score, Richland ranks #9 of 89 MS ZIP codes with enough sales (score 46 out of 100).
Nearby, buyers who want less competition could look at Pelahatchie 39145 (0% sold over asking) or Florence 39073 (5% sold over asking).
Run the numbers for 39218
Nearby markets
Brandon 39042Seller’s market $166 /sq ftBrandon 39047Seller’s market $172 /sq ftFlorence 39073Seller’s market $157 /sq ftFlowood 39232Seller’s market $187 /sq ft Browse all markets →Towns like Richland nearby
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Questions about Richland real estate
Is Richland a buyer’s or seller’s market?
A seller’s market: there were 2.3 months of supply in Richland, MS 39218 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 Richland?
The typical home went under contract in 16 days in the latest three months.
Do homes in Richland sell over asking?
12% of homes sold above their original list price, and the typical sale closed at 96.8% of the list price.
What are property taxes in Richland?
About 0.60% of a home’s value a year in Rankin County, or roughly $2,400 on a $400,000 home.
What is the median home price in Richland?
The median sale price was $244,894 in the three months ending August 31, 2026, about $158 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