Is 71901, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 71901 was a Seller's Market.
Housing Prices in 71901, AR
How much do homes in 71901, AR cost?
Median Sold Price
$184,500
$117/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in 71901 was $184,500 in May 2024, down 34.1% from last month, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $68K | - | N/A |
2 Bedrooms | $105K | $89K | -15.2% |
3 Bedrooms | $280K | $184.5K | -34.1% |
4 Bedrooms | $355.5K | $252.5K | -29.0% |
5+ Bedrooms | - | $362.5K | N/A |
Summary: 71901 housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.2%, 3 bedroom homes decreased by 34.1%, 4 bedroom homes decreased by 29%, and 5+ bedroom homes did not change.
Housing Supply in 71901, AR
How many homes are available in 71901, AR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
168 | 189 | +12.5% |
Summary: The 71901 real estate market had 189 homes for sale in May 2024, a 12.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 30 | 37 | +23.3% |
3 Bedrooms | 82 | 90 | +9.8% |
4 Bedrooms | 35 | 36 | +2.9% |
5+ Bedrooms | 20 | 25 | +25.0% |
Summary: The 71901 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 23.3%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
33 | 29 | -12.1% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in 71901 in May 2024, down by 12.1% month-over-month. Of the 28 sold homes, 57% were sold under asking, 18% were sold at asking, and 25% were sold over asking.
Days on Market for 71901, AR
We’re sorry, we don't have information for this market at the moment