📊 Key Market Figures: October 2024 vs. October 2025

OCT 2024 - Avg Sold Price $294,800, mostly conventional financing

OCT 2025 - Ave Sold Price $244,900, mostly government-backed loans (FHA & VA)

🏡 What the Data Shows

1. Price Levels & Buyer Demand

In October 2024, we saw fewer sales, but they were higher-priced newer homes sold from $460,000s.
In October 2025, the mix changed: more homes, including lower-priced homes in the $250,000 range with fewer ultra-high-end homes. The average sold price is lower than in 2024. That suggests either a greater supply of lower-priced homes or fewer high-price sales in October 2025.

2. Market Tightness & Sale-to-List Ratio

Both years show homes selling near list price, though 2024’s had a slightly tighter gap (~98%). The 2025 homes shows more variability — some homes sold below list by larger margins, which pulls the average down. That can signal a slightly cooler market or more varied home conditions.

3. Home Size & Lot Size

In 2024, average home size ~2,447 sq ft and average lot size ~3.12 acres reflect that many of the sales were newer builds with acreage. In 2025, with more entries in the ~$200K-$300K range and more modest lot sizes (many under 2 acres), the average lot acreage dropped to ~1.9 acres. That shift suggests increased activity in more budget-friendly segments.

4. Financing & Buyer Profile

October 2025 shows a mix of Conventional, FHA, and VA financing—which means a mix of first-time buyers, veteran buyers, and mainstream buyers are active. The presence of FHA/VA in many sales indicates accessibility is strong. In 2024 the higher-priced homes were mostly Conventional financing — reflecting higher-income buyers.

🔍 What This Means for Buyers & Sellers

For Buyers:

• If you’re looking in Fulton and your budget is in the ~$200K-$300K range, you’ll find more inventory and less competition than in the top end of the market.

• Homes that are newer, have acreage, or special features (pool, workshop, views) will still command premium pricing.

• Financing options are diverse — FHA/VA remain strong paths — so if you qualify you can leverage that.

For Sellers:

• If you’re selling in the higher end (> $400K) you’ve got to price right and highlight top-tier features — new construction or large acreage still move, but they’re not as abundant.

• In the mid-segment ($200K-$300K) the market is active but competitive — move-in condition, strong marketing, and accurate pricing are key to hitting list price or close.

• Homes with smaller lot sizes or older construction may need extra staging or updates to stand out.

🌳 Why Buyers Love Fulton, MS

Fulton offers the best of both worlds: small-town lifestyle with quick access to shopping, dining, and services in nearby Tupelo, Mississippi, along with the charm and space of a more rural setting. Many buyers are drawn by acreage, privacy, mature landscapes, and the sense of community in Itawamba County.

📈 Ready to Make Your Move in North Mississippi?

Whether you’re ready to buy your next home or list your property in Fulton or the greater North Mississippi area, we’d be honored to help guide you.

📞 Call or text: 202-680-0930 mobile and 662-842-3844 office