Is Prairie Grove, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Prairie Grove has remained a Seller's Market.
Housing Prices in Prairie Grove, AR
How much do homes in Prairie Grove, AR cost?
Median Sold Price
$285,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Prairie Grove was $285,000 in April 2024, up 6.3% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $112K | $270K | +141.1% |
2 Bedrooms | $196.9K | $190K | -3.5% |
3 Bedrooms | $265K | $276.7K | +4.4% |
4 Bedrooms | $312.5K | $345.2K | +10.5% |
5+ Bedrooms | $515K | $760K | +47.6% |
Summary: Prairie Grove housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 141.1%, 2 bedroom homes decreased by 3.5%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 47.6%.
Median Sold Price Compared To Nearby Cities
Prairie Grove | $268K | $285K | +6.3% |
Prairie Grove Township | $270K | $285K | +5.6% |
Farmington Township | $309.9K | $322K | +3.9% |
Farmington | $309.9K | $322K | +3.9% |
Housing Supply in Prairie Grove, AR
How many homes are available in Prairie Grove, AR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
91 | 101 | +11.0% |
Summary: The Prairie Grove real estate market had 101 homes for sale in April 2024, a 11.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 52 | 58 | +11.5% |
4 Bedrooms | 30 | 34 | +13.3% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Prairie Grove housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 20 | +100.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Prairie Grove in April 2024, up by 100.0% month-over-month. Of the 20 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Prairie Grove, AR
How long does it take to sell a home in Prairie Grove, AR?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
72 Days | 103 Days | +44.1% |
Summary: Homes in Prairie Grove had an average of 103 days on market in Apr 2024, up by 44.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in Prairie Grove; 5% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.