in Magee, MS • 2026 Buying Guide
Best Month
January
$105K
Avoid
October
$138K
Potential Savings
$34K
24.3% difference
Market Type
Balanced
4.7 mo. supply
Even in a seller's market, condos require strategic timing. Focus on move-in ready presentation, as condo buyers often want turnkey living. Highlight low HOA fees, building amenities, and any recent assessments already paid.
Median Sale Price
$172K
N/A YoY
Days on Market
9
median days
Inventory
14
active listings
Sale-to-List Ratio
96.4%
room to negotiate
Jan
$105K
BestFeb
$130K
Mar
$138K
Apr
$124K
May
$111K
Jun
$121K
Jul
$129K
Aug
$121K
Sep
$124K
Oct
$138K
PeakNov
$132K
Dec
$127K
Based on historical sales data in Magee
Condos often have a counter-cyclical market. While families focus on single-family homes during spring and summer, condo inventory can peak in fall and winter. This means less competition and more negotiating power for condo buyers during traditionally "slow" seasons.
Pro Tip: With Magee's median price at $172K, a 20% down payment would be approximately $34K. Get pre-approved early to know exactly what you can afford.
Based on our analysis of Magee's housing market, January is typically the best time to buy a condo. During this month, prices average around $105K, which is 24.3% lower than peak prices in October. Condos often have a counter-cyclical market. While families focus on single-family homes during spring and summer, condo inventory can peak in fall and winter. This means less competition and more negotiating power for condo buyers during traditionally "slow" seasons.
The current median home price in Magee is $172K. Condo prices vary based on location, size, and condition. Year-over-year, prices have changed N/A. Condos typically appreciate more slowly than single-family homes but offer lower entry costs and maintenance. Location within the building matters - higher floors and better views command premiums.
Magee has a balanced market. This means you have reasonable options without extreme competition. Take time to find the right condo but be prepared to move when you find it.
Key considerations for buying a condo in Magee include: Review at least 3 years of HOA meeting minutes for hidden issues; Check the reserve fund percentage (ideally 70%+ funded); Verify what insurance the HOA covers vs. what you need. Also watch for red flags like HOA with less than 50% reserves and Multiple units for sale in same building (could indicate problems).
Homes in Magee currently spend an average of 9 days on market. This indicates a fast-moving market where you need to be prepared to act quickly.
Some condos may not be FHA or VA approved - check early Non-warrantable condos require conventional financing with higher down payments With Magee's median price of $172K, you'll want to get pre-approved early to understand your budget.
Looking for the best time to buy a condo in Magee? Our analysis shows that January typically offers the best prices, with homes averaging around $105K. Buying during this time could save you up to $34K compared to peak months like October.
With a median price of $172K and homes spending an average of 9 days on market, Magee is currently a balanced market. There's currently 4.7 months of inventory available.
Condos typically appreciate more slowly than single-family homes but offer lower entry costs and maintenance. Location within the building matters - higher floors and better views command premiums.
Working with a local real estate agent who knows Magee can help you understand neighborhood dynamics, identify the best opportunities, and negotiate effectively in this market.
Connect with local agents who specialize in condos.