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HERNANDO, MS 38632

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The HERNANDO, MS real estate market (38632) currently shows 195 active listings, with 59 pending sales. Homes are averaging 89 days on the market before going under contract.

Inventory has tightened compared to last year, with 53 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 89 days on market compared to 58 days last year.

The median listing price has risen 5% year-over-year, from $418,894 to $439,900.

Whether you are buying or selling in HERNANDO, MS, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 29,491  ·  Density: 70.2/mi²  ·  Median household income: $80,956

Typical home value: $262,792  ·  Homeownership: 86.6%

Market Overview

Active Listings
195
⇩ 21.4% vs 248 last year
Pending
59
30% pending ratio
Median Price
$439,900
⇧ 5% vs $418,894 last year
Average Price
$512,478
⇧ 6.2% vs $482,400 last year
Days on Market
89
⇧ 53.4% vs 58 days last year

Price Per Square Foot

Median $/sqft
$172
⇧ 0.6% vs $171/sqft last year
Median Home Size
2,702 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 195 this year vs 248 last year
  • Days on market: 89 now vs 58 last year

Median & Average Pricing

Year over Year
  • Median: $439,900 (+5% YoY)
  • Average: $512,478 (+6.2% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 22.5 miles — 1,368 listings ($445,794,984 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
38632Hernando, MS 386320.0 mi189$95,780,664$423,900$506,776
38618Coldwater, MS 386187.9 mi25$8,766,025$329,900$350,641
38637Horn Lake, MS 3863710.7 mi54$14,868,684$227,000$275,346
38641Lake Cormorant, MS 3864112.5 mi8$4,005,664$356,250$500,708
38654Olive Branch, MS 3865414.0 mi330$142,347,480$399,975$431,356
38116Memphis, TN 3811616.1 mi72$13,091,688$171,725$181,829
38141Memphis, TN 3814117.2 mi38$7,629,792$182,375$200,784
38109Memphis, TN 3810917.8 mi170$19,846,140$109,725$116,742
38115Memphis, TN 3811519.4 mi66$9,054,804$124,725$137,194
38114Memphis, TN 3811420.5 mi110$16,903,700$114,950$153,670
38119Memphis, TN 3811921.4 mi105$36,298,815$299,450$345,703
38619Como, MS 3861922.3 mi4$2,473,124$609,900$618,281
38117Memphis, TN 3811722.5 mi197$74,728,404$280,875$379,332

Frequently Asked Questions

How many homes are for sale in HERNANDO, MS 38632?

As of March 2026, there are 195 active listings in HERNANDO, MS (zip code 38632), compared to 248 the prior year.

What is the median home price in HERNANDO, MS 38632?

The median listing price in HERNANDO, MS 38632 is $439,900 as of March 2026, a 5% increase from $418,894 the prior year.

How long do homes stay on the market in HERNANDO, MS?

Homes in HERNANDO, MS 38632 spend an average of 89 days on the market before going under contract, compared to 58 days the prior year.

Is it a seller's or buyer's market in HERNANDO, MS 38632?

Based on current inventory and days-on-market data as of March 2026, HERNANDO, MS 38632 is currently a Balanced Market. Inventory has tightened compared to last year, with 53 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 89 days on market compared to 58 days last year.

How much can I save on real estate commission in HERNANDO, MS?

With SELL123.com's maximum 3% commission, sellers in HERNANDO, MS 38632 save an estimated $8,798 compared to a typical 5% commission on the median listing price of $439,900. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.