Homes for Sale in Waveland, MS

There is one number that explains the Waveland market, and it is not the median price.

It is the gap between what Waveland sellers ask and what buyers pay. Over the past twelve months, the typical monthly asking median was about $339,000. The typical monthly sold median was about $284,000.

That is roughly a 20% gap in a typical month, wider than most Coast markets. In Bay St. Louis, five minutes up the road, the August gap was about 6%. August itself was an outlier in Waveland: a handful of higher-priced closings pushed the sold median to $380,000, above the $307,500 asking median. With only 13 sales, one month tells you little.

Waveland has a pricing problem. If you are buying, that is an opportunity. If you are selling, it is the thing standing between you and a closing.

Waveland Market Snapshot — August 2026

Metric	Figure
Median sold price	$380,000
Median asking price (active listings)	$307,500
Homes sold in August	13
Active listings	58
Average days on market	165.3
Months of inventory	4.5

Source: MLS United, residential statistics, August 2026. Months of inventory = active listings ÷ homes sold that month.

Fifty-eight homes for sale. Thirteen sold. That is 4.5 months of inventory, down sharply from 7.9 months in June, when only eight homes sold.

But the homes that sold in August had been on the market an average of 165.3 days, the slowest of any city we track. Many of them had sat for months before finding a buyer.

This is not a market in trouble. Monthly sold medians over the past year ranged from $215,000 to $383,750. Values are fine. What is broken is the relationship between what sellers believe and what buyers will pay — and in a market with only a handful of sales each month, a seller who guesses wrong does not get a quick correction. They get months of silence.

The Neighborhoods

Shoreline Park — shared with Bay St. Louis — is the largest residential area and covers the broadest price range.

Holiday Hill holds the top of the current market.

Acadian Bay and Emerald Lake Estates carry the upper-mid inventory, generally $675,000 and up.

Cline Estates, Watersedge, Ulman, and Pine Ridge Park make up much of the established mid-market — the $495,000 to $565,000 band on the asking side.

A very large share of Waveland’s inventory, including several of its priciest homes, is recorded as “Metes and Bounds” — unplatted parcels rather than platted subdivisions. Waveland is a town of individual lots more than of developments, which is part of why comparable sales are harder to establish here and part of why pricing goes wrong so often.

Schools

Waveland is served by the Bay St. Louis–Waveland School District, shared with its neighbor. Waveland Elementary appears on most active listings; some reference Bay St. Louis Elementary.

What to Do About the Pricing Gap

If you are buying: Waveland remains one of the best negotiating positions on the Mississippi Gulf Coast. Homes that sold in August averaged 165 days on market, and much of the active inventory is priced above what typically closes.

Do not be intimidated by asking prices. Look at what sold. Then make an offer based on that, and be willing to walk. With 58 homes on the market, there is another one.

Pay particular attention to listings past 120 days. Those sellers have now had a full season to reconsider.

If you are selling: this page exists to tell you the truth. If you list well above recent sold comps, the data says you will wait a long time. Homes that sold in August had averaged more than five months on the market.

The good news is that the fix is entirely within your control. Homes priced against recent sold comps in Waveland do transact — 13 sold in August alone. Buyers are here. They are simply not paying an aspirational price for a house the comps do not support, and no amount of staging or waiting will change that.

Before you list, have someone pull the actual closed comps on your street. Not an automated estimate. The real ones.

Waveland FAQs

Is Waveland a buyer’s market?

It has been for most of the year. Inventory hit 7.9 months in June 2026; a strong August (13 sales) brought it down to 4.5 months, but long days on market still give buyers leverage.

What is the median home price in Waveland?

$380,000 sold in August 2026, on just 13 sales and well above most recent months. The median asking price across active listings was $307,500. Over the past year, monthly sold medians ranged from $215,000 to $383,750.

How long do homes take to sell in Waveland?

An average of 165.3 days for homes that sold in August 2026, and 108.3 days in June. Homes priced above the sold comps take considerably longer.

Why is there such a big difference between asking and selling prices?

Waveland’s inventory skews toward unplatted, individually-built properties with few direct comparables, which makes accurate pricing harder. The result is a lot of aspirational asking prices sitting alongside a much lower band of actual closings.

Are home values in Waveland going up?

Monthly sold medians over the past year ranged from $215,000 to $383,750, with no steady trend. With roughly 5 to 13 sales a month, treat any single month with caution.

New to the area? Read our complete guide to living in Waveland, MS.