Is Petal, MS 39465 a buyer’s or seller’s market?
Petal is a seller’s market. With about 2.9 months of supply and 4% 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 42% of U.S. ZIP codes, and #13 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 Petal housing market right now
In the three months ending August 31, 2026, 4% of homes in Petal, MS 39465 sold above their list price, the typical home went under contract in 42 days and there were 2.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 78 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 1%, homes sold about as fast and the median sale price held steady to $272,282. Overall, Petal is about as competitive as it was a year ago.
On our competition score, Petal ranks #13 of 89 MS ZIP codes with enough sales (score 42 out of 100).
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Questions about Petal real estate
Is Petal a buyer’s or seller’s market?
A seller’s market: there were 2.9 months of supply in Petal, MS 39465 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 Petal?
The typical home went under contract in 42 days in the latest three months.
Do homes in Petal sell over asking?
4% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.
What are property taxes in Petal?
About 0.81% of a home’s value a year in Forrest County, or roughly $3,240 on a $400,000 home.
What is the median home price in Petal?
The median sale price was $272,282 in the three months ending August 31, 2026, about $149 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