Is 72762, 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, 72762 has remained a Seller's Market.
Housing Prices in 72762, AR
How much do homes in 72762, AR cost?
Median Sold Price
$360,285
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 72762 was $360,285 in May 2024, down 2% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | - | N/A |
2 Bedrooms | $187.5K | $199.5K | +6.4% |
3 Bedrooms | $310K | $305K | -1.6% |
4 Bedrooms | $485K | $479.8K | -1.1% |
5+ Bedrooms | $649.9K | $749.5K | +15.3% |
Summary: 72762 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.4%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 15.3%.
Housing Supply in 72762, AR
How many homes are available in 72762, AR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
193 | 190 | -1.6% |
Summary: The 72762 real estate market had 190 homes for sale in May 2024, a 1.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 8 | +100.0% |
3 Bedrooms | 79 | 76 | -3.8% |
4 Bedrooms | 93 | 85 | -8.6% |
5+ Bedrooms | 17 | 21 | +23.5% |
Summary: The 72762 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 100%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes increased by 23.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
47 | 55 | +17.0% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 55 homes were sold or pending in 72762 in May 2024, up by 17.0% month-over-month. Of the 55 sold homes, 49% were sold under asking, 40% were sold at asking, and 11% were sold over asking.
Days on Market for 72762, AR
How long does it take to sell a home in 72762, AR?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
64 Days | 82 Days | +26.8% |
Summary: Homes in 72762 had an average of 82 days on market in May 2024, up by 26.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
33 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During May 2024, 55 homes were sold in 72762; 18% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.