Is 72712, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 72712 has remained a Seller's Market.
Key Takeaway
72712 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 72712, AR
How much do homes in 72712, AR cost?
Median Sold Price
$466,760
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 72712 have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in 72712 was $466,760 in May 2024, up 9.9% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $377.5K | $515K | +36.4% |
| 2 Bedrooms | $363.6K | $579.9K | +59.5% |
| 3 Bedrooms | $335.5K | $356K | +6.1% |
| 4 Bedrooms | $477.9K | $515K | +7.8% |
| 5+ Bedrooms | $746.5K | $725K | -2.9% |
Summary: 72712 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.4%, 2 bedroom homes increased by 59.5%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes decreased by 2.9%.
Housing Supply in 72712, AR
How many homes are available in 72712, AR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 419 | 455 | +8.6% |
Summary: The 72712 real estate market had 455 homes for sale in May 2024, a 8.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 32 | 36 | +12.5% |
| 3 Bedrooms | 150 | 163 | +8.7% |
| 4 Bedrooms | 191 | 203 | +6.3% |
| 5+ Bedrooms | 42 | 50 | +19.0% |
Summary: The 72712 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 19%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 89 | 107 | +20.2% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
58 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 72712, expect to pay close to the asking price. 54.2% of homes here sold near the asking price last month.
Summary: A total of 107 homes were sold or pending in 72712 in May 2024, up by 20.2% month-over-month. Of the 107 sold homes, 27% were sold under asking, 54% were sold at asking, and 19% were sold over asking.
Days on Market for 72712, AR
How long does it take to sell a home in 72712, AR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 147 Days | 77 Days | -47.4% |
Summary: Homes in 72712 had an average of 77 days on market in May 2024, down by 47.4% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
54 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 72712 has remained consistent over time.
Summary: During May 2024, 107 homes were sold in 72712; 21% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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.