Gulfport's real estate market is experiencing a price correction, with values down 26.9% from last year. The median home price has fallen to $141,000, a significant 26.9% decrease year-over-year. At the current pace, all available homes in Gulfport would sell out in just 1.2 months, indicating a continued supply shortage. Sales volume is down 38% compared to seasonal expectations. A significant 33.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 20.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Gulfport market with the affordability index at 14.5. Based on current market indicators, home prices in Gulfport are projected to increase by approximately 41.6% over the next month.