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HERNANDO, MS 38632

Real Estate Market Report  ·  DeSoto County
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The HERNANDO, MS real estate market (38632) currently shows 189 active listings, with 57 pending sales. Homes are averaging 107 days on the market before going under contract.

Inventory has tightened compared to last year, with 43 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 107 days on market compared to 79 days last year.

The median listing price has risen 3.4% year-over-year, from $409,950 to $423,900.

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
189
⇩ 18.5% vs 232 last year
Pending
57
30% pending ratio
Median Price
$423,900
⇧ 3.4% vs $409,950 last year
Average Price
$506,776
⇧ 12.9% vs $448,699 last year
Days on Market
107
⇧ 35.4% vs 79 days last year

Price Per Square Foot

Median $/sqft
$172
vs $172/sqft last year
Median Home Size
2,634 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 189 this year vs 232 last year
  • Days on market: 107 now vs 79 last year

Median & Average Pricing

Year over Year
  • Median: $423,900 (+3.4% YoY)
  • Average: $506,776 (+12.9% 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 22.4 miles — 1,344 listings ($422,161,750 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
38632Hernando, MS 386320.0 mi200$97,591,200$419,900$487,956
38618Coldwater, MS 386187.9 mi23$7,843,713$329,900$341,031
38637Horn Lake, MS 3863710.7 mi54$14,522,652$225,000$268,938
38641Lake Cormorant, MS 3864112.5 mi10$4,277,670$317,500$427,767
38654Olive Branch, MS 3865414.0 mi312$130,688,064$391,950$418,872
38116Memphis, TN 3811616.1 mi70$12,959,520$175,000$185,136
38141Memphis, TN 3814117.2 mi52$9,722,388$184,500$186,969
38109Memphis, TN 3810917.8 mi164$19,484,348$110,000$118,807
38611Byhalia, MS 3861119.4 mi81$34,914,321$373,800$431,041
38125Memphis, TN 3812519.8 mi65$27,889,875$315,000$429,075
38106Memphis, TN 3810620.9 mi111$11,898,423$85,250$107,193
38111Memphis, TN 3811121.7 mi198$49,977,576$199,900$252,412
38676Tunica, MS 3867622.4 mi4$392,000$98,000$98,000

Frequently Asked Questions

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

As of February 2026, there are 189 active listings in HERNANDO, MS (zip code 38632), compared to 232 the prior year.

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

The median listing price in HERNANDO, MS 38632 is $423,900 as of February 2026, a 3.4% increase from $409,950 the prior year.

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

Homes in HERNANDO, MS 38632 spend an average of 107 days on the market before going under contract, compared to 79 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 February 2026, HERNANDO, MS 38632 is currently a Balanced Market. Inventory has tightened compared to last year, with 43 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 107 days on market compared to 79 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 $8,478 compared to a typical 5% commission on the median listing price of $423,900. 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.