Is 71953, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 71953 has remained a Buyer's Market.
Key Takeaway
71953 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 71953, AR
How much do homes in 71953, AR cost?
Median Sold Price
$170,000
$122/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in 71953 have sold for 6.8% less than they did a month ago.
Summary: The median home sold price in 71953 was $170,000 in May 2024, down 6.8% from last month, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $199.5K | - | N/A |
| 2 Bedrooms | $115K | $480K | +317.4% |
| 3 Bedrooms | $215K | $157.2K | -26.9% |
| 4 Bedrooms | - | $400K | N/A |
| 5+ Bedrooms | - | $650K | N/A |
Summary: 71953 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 increased by 317.4%, 3 bedroom homes decreased by 26.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 71953, AR
How many homes are available in 71953, AR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 116 | 127 | +9.5% |
Summary: The 71953 real estate market had 127 homes for sale in May 2024, a 9.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 20 | 19 | -5.0% |
| 3 Bedrooms | 65 | 71 | +9.2% |
| 4 Bedrooms | 19 | 25 | +31.6% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 71953 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 71953, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 71953 in May 2024, up by 14.3% month-over-month. Of the 15 sold homes, 80% were sold under asking, 13% were sold at asking, and 7% were sold over asking.
Days on Market for 71953, AR
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Cooperative Arkansas REALTORS® Multiple Listing Services, Inc. Real estate listings, held by brokerage firms other than this broker, are marked with the Broker Reciprocity℠ logo and information about them includes the name of the listing brokers. The IDX information is provided exclusively for consumers’ personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Cooperative Arkansas Realtors MLS. All Rights Reserved.