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Housing in Richland

49 homes sold in Richland in the last year, at a typical $231K

Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Richland homes are listed.

Homes sold
49
June 2025 to May 2026
Typical sale price
$231K
median, weighted by sales
Price per square foot
$154
Mississippi $145
Paid vs. asking
98.4%
27% sold over asking
For sale now
14
May 2026 · 3 sold that month
What sold · last 12 months

Houses are 100% of Richland’s sales, at a typical $231K

49 homes sold in the year to May 2026.

Houses$231K

typical sale · 49 sold in 12 months

Per square foot
$154MS $142
Days to sell
30
Sold over asking
27%
Listings with a price cut
34%
14 years of sales

About as many homes sell as usual, at 1.5 times the 2016 price

49 sales in the last year, against 65 in 2021 and a low of 39 in 2015. The typical sale went from $153K in 2016 to $231K.

Homes soldTypical sale price
0255075100$75K$150K$225K$300K2012: 50 sold, typical $120K’122013: 46 sold, typical $107K2014: 52 sold, typical $118K’142015: 39 sold, typical $140K2016: 59 sold, typical $153K’162017: 55 sold, typical $158K2018: 53 sold, typical $148K’182019: 42 sold, typical $153K2020: 49 sold, typical $153K’202021: 65 sold, typical $177K2022: 60 sold, typical $198K’222023: 51 sold, typical $208K2024: 55 sold, typical $219K’242025: 42 sold, typical $222KLast 12 months: 49 sold, typical $231KNow

Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.

What your budget buys

What $250K buys in Richland

Houseat $154 a sq ft
The same money in Mississippiat $142 a sq ft

Is this asking price fair?

Check a listing against what Richland homes sold for

Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.

What the sales history says · 14 years of sales

Bidding wars in Richland are more common than before the pandemic, but a quarter fewer homes come up for sale

We read every month of Richland’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 49 sales.

If you’re buying in Richland

  • Shop in May. It brings about 7 new listings a month, close to the busiest month, with fewer bidding wars (27% over asking).
  • Bid near asking. Buyers paid 98.4% of the list price on average; 27% paid over.
  • Move fast on good ones. Half of homes are under contract within two weeks.
Best time to buy

Spring brings the homes; summer brings the bidding wars

May has the most new listings (about 7 a month), but June is the most competitive: 30% of June sales close over asking. August has the least competition (11%).

New listings a monthShare sold over asking
02.557.51013%27%40%Sweet spotJan: 4 new listings a month, 23% sold over asking, 67 days to sellJFeb: 3 new listings a month, 14% sold over asking, 68 days to sellFMar: 5 new listings a month, 19% sold over asking, 75 days to sellMApr: 5 new listings a month, 24% sold over asking, 68 days to sellAMay: 7 new listings a month, 27% sold over asking, 66 days to sellMJun: 4 new listings a month, 30% sold over asking, 35 days to sellJJul: 5 new listings a month, 28% sold over asking, 86 days to sellJAug: 6 new listings a month, 11% sold over asking, 48 days to sellASep: 5 new listings a month, 16% sold over asking, 46 days to sellSOct: 5 new listings a month, 18% sold over asking, 58 days to sellONov: 5 new listings a month, 24% sold over asking, 47 days to sellNDec: 4 new listings a month, 20% sold over asking, 68 days to sellD

Averages for each calendar month, 2015 on.

How competitive is it now?

Calmer than the 2021 frenzy, and hotter than Mississippi

Richland now2017–192021 peakMS now
Sold over askingShare of sales that closed above the list price27%11%40%10%
Gone within two weeksShare of homes under contract within 14 days48%1%18%26%
Listings with a price cutShare of homes for sale that cut their price34%—29%25%
Price paid vs. askingAverage sale price ÷ list price98.4%97.5%99.2%96.5%
Days to sellMedian days from listing to contract30795651
Supply

10 homes for sale on a typical day

That’s 1.7 times the 2022 low (6), 21% fewer than in 2017–19 and well under 2012’s 24.

2012: 24 for sale’122013: 24 for sale2014: 14 for sale2015: 16 for sale’152016: 18 for sale2017: 15 for sale2018: 14 for sale’182019: 11 for sale2020: 13 for sale2021: 10 for sale’212022: 6 for sale2023: 11 for sale2024: 8 for sale’242025: 8 for saleLast 12 months: 10 for saleNow
Room to negotiate

1 in 3 listings has cut its price

34% in the last year, against — in 2017–19 and 25% across Mississippi.

2021: 29%’212022: 31%2023: 32%2024: 37%’242025: 41%Last 12 months: 34%Now

Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.

Rent or buy?

Owning the typical Richland home costs about $1,347 a month

Mortgage
Property tax
Insurance
Rent

Price: Richland’s typical sale, last 12 months. Property tax at Richland’s 0.7% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Richland is affordable on local pay is on Cost of living.

Before you buy in Richland

Six things worth knowing

7

New listings in May

The month with the most choice. February has the fewest, about 3.

Best time to buy
0.7%

Property tax, a year

Of a home’s value: the median bill over the median home value. On a $231K home, about $1,700 a year.

Taxes vs. neighbors
A

Schools

The schools grade for Richland, from test results, graduation and how much students grow.

Schools in Richland
20 min

Typical commute

The average one-way trip to work for people who live in Richland.

Work & commute
Flood

Check the flood map

Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.

Natural hazards
Records

Look up any property

Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.

Nearby markets · last 12 months

Cleary, Jackson and Byram sell for less a square foot

The busier markets within 25 miles of Richland, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.

SoldTypical sale$/sq ftOver askingDays to sell
Jackson1,082$140K$8313%42
Pearl365$247K$15915%46
Flowood189$386K$1808%49
Byram120$229K$14517%52
Florence63$273K$16116%49
Richland49$231K$15427%30
Cleary30$229K$14313%64

Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.

Selling, or renting out?

Post your home to Richland, free

Selling it yourself, renting out an apartment or looking for a roommate? Post it to Richland. People who follow the town see it, and so do people comparing Richland with their own town. No commission, no listing fee.

Questions about buying a home in Richland

What do homes sell for in Richland, MS?

49 homes sold in the year to May 2026 at a typical $231K, $154 a square foot.

Is Richland a buyer’s or seller’s market?

A balanced market: 14 homes were for sale in May 2026 and 3 sold, about 4.7 months of supply. Buyers paid 98.4% of asking on average, and 34% of listings cut their price.

When is the best time to buy in Richland?

May brings the most new listings. The sales history shows which months have fewer bidding wars.

How much are property taxes in Richland?

About 0.7% of a home’s value a year. On a $231K home that’s near $1,700.

Where can I see homes for sale in Richland?

Zillow, Redfin, Realtor.com and Homes.com all carry Richland’s MLS listings; the search links above open each one filtered to Richland.

Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).