Is Pope County, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pope County is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Pope County has remained a Seller's Market.

Key Takeaway

Pope County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Pope County, AR

How much do homes in Pope County, AR cost?

Median Sold Price

$180,000

$123/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

+$19,650(+12.3%)

Key Takeaway

Homes in Pope County have sold for 12.3% more than they did a month ago.

Summary: The median home sold price in Pope County was $180,000 in May 2024, up 12.3% from last month, and the median price per square foot was $123.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 --
N/A
3 $168.9K$156.7K
-7.2%
4 $160.3K$436.5K
+172.2%
5+ --
N/A

Summary: Pope County 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 did not change, 3 bedroom homes decreased by 7.2%, 4 bedroom homes increased by 172.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Conway County
+25.7%
Pope County
+12.3%
Van Buren County
-7.2%
Johnson County
-38.7%

Housing Supply in Pope County, AR

How many homes are available in Pope County, AR?

Number of Homes For Sale

Apr 2024May 2024CHANGE
6164+4.9%

Summary: The Pope County real estate market had 64 homes for sale in May 2024, a 4.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 10
-100.0%
2 22
0.0%
3 3944
+12.8%
4 1615
-6.3%
5+ 33
0.0%

Summary: The Pope County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.8%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
13130.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pope County, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Pope County in May 2024, the same as the previous month. Of the 12 sold homes, 58% were sold under asking, 17% were sold at asking, and 25% were sold over asking.

Days on Market for Pope County, AR

How long does it take to sell a home in Pope County, AR?

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Pope County has remained consistent over time.

Summary: During May 2024, 13 homes were sold in Pope County; 0% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Pope County, AR

Nearby Markets to Pope County, AR

What housing markets are near Pope County, AR?