Homes for Sale in Waveland, MS

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

In June 2026, the median asking price across active Waveland listings was $347,000. The median home sold for $253,950.

That is a 37% gap — by far the widest of any city on the Mississippi Gulf Coast. In Pass Christian the same gap is 2%. In Bay St. Louis, five minutes up the road, it is 5%.

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 — June 2026

Metric	Figure
Median sold price	$253,950
Median asking price (active listings)	$347,000
Homes sold in June	8
Active listings	63
Average days on market	108.3
Months of inventory	7.9

Source: MLS United, residential sales, June 2026.

Sixty-three homes for sale. Eight sold. That is 7.9 months of inventory — the deepest buyer’s market on the Coast, by a wide margin.

Homes averaged 108.3 days to sell. And the ones that sold went for roughly a quarter less than what the average listing is asking.

This is not a market in trouble. Waveland sold homes at a $253,950 median, up from $197,000 a year earlier. Values are fine. What is broken is the relationship between what sellers believe and what buyers will pay — and in a market with eight monthly sales, a seller who guesses wrong does not get a quick correction. They get four 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, including the city’s most expensive active listing near $1.89 million.

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 37% Gap

If you are buying: Waveland is the best-negotiating-position market on the Mississippi Gulf Coast, and it is not close. Nearly eight months of supply, an average of 108 days on market, and an inventory that is broadly overpriced relative to what is actually closing.

Do not be intimidated by asking prices. Look at what sold. Then make an offer based on that, and be willing to walk. With 63 homes competing for eight monthly buyers, 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 at the Waveland asking median, the data says you will not sell. Eight homes closed in June. Sixty-three were trying.

The good news is that the fix is entirely within your control. Homes priced against recent sold comps in Waveland do transact — the median sold price climbed roughly 29% year over year. Buyers are here. They are simply not paying $347,000 for a $254,000 house, 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?

Emphatically. 7.9 months of inventory in June 2026 — the highest on the Mississippi Gulf Coast.

What is the median home price in Waveland?

$253,950 sold in June 2026. Median asking price across active listings was $347,000 — a 37% gap.

How long do homes take to sell in Waveland?

An average of 108.3 days, and considerably longer for homes priced above the sold median.

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?

The median sold price rose from $197,000 in July 2025 to $253,950 in June 2026. With only eight monthly sales, treat any single month with caution.

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