Is 72631, 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, 72631 has remained a Seller's Market.
Key Takeaway
72631 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 72631, AR
How much do homes in 72631, AR cost?
Median Sold Price
$307,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 72631 have sold for 11.6% more than they did a year ago.
Summary: The median home sold price in 72631 was $307,000 in May 2024, up 11.6% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $86K | $145.2K | +68.9% |
| 2 Bedrooms | $180K | $238K | +32.2% |
| 3 Bedrooms | $295K | $307.5K | +4.2% |
| 4 Bedrooms | $318K | $392.5K | +23.4% |
| 5+ Bedrooms | $975K | $535K | -45.1% |
Summary: 72631 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 68.9%, 2 bedroom homes increased by 32.2%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 23.4%, and 5+ bedroom homes decreased by 45.1%.
Housing Supply in 72631, AR
How many homes are available in 72631, AR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 65 | 64 | -1.5% |
Summary: The 72631 real estate market had 64 homes for sale in May 2024, a 1.5% 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 | 18 | 14 | -22.2% |
| 3 Bedrooms | 28 | 30 | +7.1% |
| 4 Bedrooms | 16 | 16 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 72631 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 decreased by 22.2%, 3 bedroom homes increased by 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 16 | +33.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 72631, you may be able to get a good deal. 68.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 72631 in May 2024, up by 33.3% month-over-month. Of the 16 sold homes, 69% were sold under asking, 25% were sold at asking, and 6% were sold over asking.
Days on Market for 72631, AR
How long does it take to sell a home in 72631, AR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 167 Days | 78 Days | -53.3% |
Summary: Homes in 72631 had an average of 78 days on market in May 2024, down by 53.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 72631 has remained consistent over time.
Summary: During May 2024, 16 homes were sold in 72631; 6% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
Disclaimer: 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 the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright © 2024 Northwest Arkansas Board of Realtors All rights reserved.
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.