Is Flowood, MS 39232 a buyer’s or seller’s market?

The Flowood housing market right now

In the three months ending August 31, 2026, 9% of homes in Flowood, MS 39232 sold above their list price, the typical home went under contract in 89 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 34 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 17%, homes sold more slowly (44 days then) and the median sale price held steady to $419,718. Overall, Flowood is less competitive than a year ago, which gives buyers more room.

Within Rankin County, homes here sell more slowly than in any other ZIP code in the county, and sell less often over asking than in 67%. On our competition score, Flowood ranks #39 of 89 MS ZIP codes with enough sales (score 31 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), while Brandon 39042 (13% sold over asking) and Richland 39218 (12% sold over asking) are even more competitive.