Let us help you!

ListingBidder Resources

MS Avg Real Estate Commission Rate in Gulfport, Biloxi, Pascagoulia, Mississippi

Gulfport is the second largest city in Mississippi after the state capital, Jackson. It is the larger of the two principal cities of the Gulfport-Biloxi, Mississippi Metropolitan Statistical Area, which is included in the Gulfport-Biloxi-Pascagoula, Mississippi Combined Statistical Area. As of the 2010 census, the city of Gulfport had a total population of 67,793. Gulfport is co-county seat with Biloxi of Harrison County, Mississippi. Gulfport is also home to the US Navy Atlantic Fleet Seabees.

 

Gulfport, Biloxi, Pascagoulia, Mississippi Average Real Estate Agent Commission Rate Fees:

A total commission of 6.0% is typically asked for by “full service” Agents working for the big national real estate firms in Gulfport-Biloxi-Pascagoulia, Mississippi. 70% of Sellers list with the first Agent they speak to, and we find that most Sellers who agree to pay a full 6.0% commission do not realize that real estate commissions are NEGOTIABLE!

The national average total real estate commission in 2015 was 5.26% *

In Gulfport-Biloxi-Pascagoulia, Mississippi, you will find the following real estate commissions charged*:

Typical Asking Commission: 6.0%

Competitive Commission: 5.0%-5.5%%

Very Competitive Commission: 4.5%-4.99%

The median existing single-family home price in the Midwest rose 6.6%, to $204,000, in the second quarter of 2017 compared to the the second quarter of 2016.  Median sales prices for existing homes in the state's Major Metropolitan Areas are as follows:

In the State of Minnesota, median home prices are as follows*:

Metro Area Median Sales Price % of Annual Change
Gulfport-Biloxi-Pascagoulia $135,900 1.3%
Jackson $179,100 3.8%
Memphis, TN-MS-AR $171,500 6.7%
 
IMPORTANT

Real Estate Commissions are split between the listing Agent (who works for you to sell your home) and what will be offered on the MLS to any Agent that brings a Buyer to buy your home.  In a typical 6% total commission, the listing Broker is paid 3% and 3% is offered on the MLS to all Agents working with Buyers (so they can see what they will earn if they bring their Buyer to your home and complete the sale).

In a competitive commission structure, ranging from 5% to 5.5%, the listing Agent agrees to a listing commission of 2% to 2.5%, and they will recommend that they offer, on the MLS, a commission of 2.5% to 3.0% to the Buyer’s Agent.  Your Agent will usually tell you that if they offer less than 2.5% on the MLS that your home “won’t be shown”.  This makes sense, in that, all things being equal, the Buyer’s Agent will want as big a payday as possible when they find the right home for their client.  This is also especially true if market conditions favor Buyers in a so-called “Buyer’s Market” (high inventory levels in a period of unstable prices).

When you meet with your listing Agent, also remember that, unless they are a “Broker/Owner”, they will have to split their commission with their employing Broker. High producing Agents can work up to getting 90% of the listing commission from their Broker, but typically less experienced Agents may only receive 50% of the listing commission.

 

AGENTS ARE READY TO BID THEIR COMMISSION RATE TO GET YOUR LISTING

At ListingBidder.com, we first negotiate on your behalf a competitive real estate commission structure with HIGHLY EXPERIENCED, HIGHLY RECOMMENDED Agents who know your LOCAL market (even YOUR NEIGHBORHOOD); each ready to bid for your business.  These Agents are not just ordinary Agents as many of them are broker/owners and they have the best ability to negotiate their commissions and be competitive, in part because they do not have to share their listing commission with the brokerage firm.  This is a direct benefit to you and will save you thousands of dollars in real estate commission fees over the typical fees in Minnesota.

 

ARE YOU BUYING IN THE SAME AREA, TOO?

Sellers who are also buying a home in the same local market have a volume discount advantage.  ListingBidder can use this opportunity to negotiate an even better real estate commission rate fee on the sale of your home because the Agent will be more willing to give a deeper discount (a very competitive rate) knowing there is additional commission being earned on the purchase of another home.  Be sure to check the box that you are also buying a home locally to receive these better rates.

 

ARE YOU READY TO RECEIVE COMPETITIVE COMMISSION RATE BIDS?

Click here to see your savings in just 24 hours…

 

DEMOGRAPHICS:

According to the census of 2010, there were 67,793 people residing in the city. The population density was 1,191.4 people per square mile (459.9/km²). The city had 50,825 or 74.97% of its population at the age of 18 and above. The racial makeup of the city was 56.86% White, 36.07% African American, 0.39% Native American, 1.69% Asian, 0.14% Pacific Islander, 2.13% from other races, and 2.73% from two or more races. Results show that 5.19% of the population was Hispanic/Latino of any race.

There were 31,602 housing units at an average density of 555.4 per square mile (214.4/km²) with 83.24% of housing units occupied andan average of 2.57 persons living in each occupied housing unit.

Comparing the 2000 and 2010 Census, the population of the city went down while the total number of housing units rose. This can be attributed to Hurricane Katrina, which destroyed housing and displaced people. New housing development has continued with a mixture of redevelopment from hurricane damage, though not all of the displaced population returned.

As of the census of 2000, there were 26,943 households out of which 32.1% have children under the age of 18 living with them, 42.6% were married couples living together, 18.2% had a female householder with no husband present, and 34.5% were non-families. 27.7% of all households were made up of individuals and 8.5% had someone living alone who was 65 years of age or older. The average household size was 2.51 and the average family size was 3.07.

In Gulfport, the population dispersal was 26.0% under the age of 18, 11.1% from 18 to 24, 30.4% from 25 to 44, 21.1% from 45 to 64, and 11.4% who were 65 years of age or older. The median age was 34 years. For every 100 females, there were 98.2 males. For every 100 females age 18 and over, there were 96.1 males. The median income for a household in the city was $32,779, and the median income for a family was $39,213. Males had a median income of $29,220 versus $21,736 for females. The per capita income for the city was $17,554. 17.7% of the population and 14.1% of families were below the poverty line. Out of the total population, 25.8% of those under the age of 18 and 13.7% of those 65 and older were living below the poverty line.

Gulfport is the location of Gulfport-Biloxi International Airport. The airport suffered extensive damage due to Hurricane Katrina. A major renovation project is for the most part completed and it has resumed commercial air service.

 

TOP EMPLOYERS:

According to Gulfport's 2014 Comprehensive Annual Financial Report, the top employers in the city were:

# Employer # of Employees
1 Naval Construction Battalion Center 5,500
2 Memorial Hospital 3,331
3 Harrison County School District 1,802
4 Island View Casino 1,206
5 Hancock Bank 864
6 Gulfport School District 900
7 Mississippi Power 728
8 Gulf Coast Shipyard Group 650
9 Gulf Ship, LLC 650
10 Gulfport Combat Readiness Training Center 636

 

*Data provided by Bankrate.com - Real Estate and Wikipedia - Gulfport - Mississippi