Housing Prices in Fort Smith, AR
How much do homes in Fort Smith, AR cost?
Median List Price
$254,950
$135/sqft
Based on all homes listed in the last 12 months.
Difference Since May 2023
Key Takeaway
The list price of homes in Fort Smith has increased by 28.1% since last year.
Summary: The median home list price in Fort Smith was $254,950 in May 2024, up 28.1% from the previous year, and the median price per square foot was $135.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $67.5K | $72.5K | +7.4% |
| 2 Bedrooms | $104.5K | $110K | +5.3% |
| 3 Bedrooms | $195K | $202.5K | +3.8% |
| 4 Bedrooms | $300K | $405.9K | +35.3% |
| 5+ Bedrooms | $574.4K | $599K | +4.3% |
Summary: Fort Smith housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.4%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 35.3%, and 5+ bedroom homes increased by 4.3%.
Median List Price Compared To Nearby Cities
| Fort Smith | $199K | $254.9K | +28.1% |
| Upper Township | $179.5K | $205K | +14.2% |
| Lon Norris Township | $269.9K | $297K | +10.0% |
| Marion Township | $419.9K | $270K | -35.7% |
Housing Supply in Fort Smith, AR
How many homes are available in Fort Smith, AR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 24 | -4.0% |
Summary: The Fort Smith real estate market had 24 homes for sale in May 2024, a 4.0% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Fort Smith 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 remained the same, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 20%.
Days on Market for Fort Smith, AR
How long does it take to sell a home in Fort Smith, AR?
Average Listing Age
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 110 Days | 93 Days | -15.7% |
Summary: Homes in Fort Smith had an average listing age of 93 days in May 2024, down by 15.7% compared to the previous year.
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.