Is 72715, 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, 72715 has remained a Seller's Market.
Key Takeaway
72715 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 72715, AR
How much do homes in 72715, AR cost?
Median Sold Price
$335,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 72715 have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in 72715 was $335,000 in May 2024, up 0.6% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $211.5K | $167K | -21.1% |
| 2 Bedrooms | $253.5K | $295K | +16.4% |
| 3 Bedrooms | $344.9K | $344.9K | 0% |
| 4 Bedrooms | $470K | $472.5K | 0.5% |
| 5+ Bedrooms | $489.9K | $485K | -1.0% |
Summary: 72715 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.1%, 2 bedroom homes increased by 16.4%, 3 bedroom homes did not change, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes decreased by 1%.
Housing Supply in 72715, AR
How many homes are available in 72715, AR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 327 | 302 | -7.6% |
Summary: The 72715 real estate market had 302 homes for sale in May 2024, a 7.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 90 | 69 | -23.3% |
| 3 Bedrooms | 183 | 179 | -2.2% |
| 4 Bedrooms | 47 | 44 | -6.4% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The 72715 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 23.3%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 99 | 74 | -25.3% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 72715, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 74 homes were sold or pending in 72715 in May 2024, down by 25.3% month-over-month. Of the 74 sold homes, 50% were sold under asking, 39% were sold at asking, and 11% were sold over asking.
Days on Market for 72715, AR
How long does it take to sell a home in 72715, AR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 78 Days | 77 Days | -1.2% |
Summary: Homes in 72715 had an average of 77 days on market in May 2024, down by 1.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
51 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 72715 has remained consistent over time.
Summary: During May 2024, 74 homes were sold in 72715; 8% of homes were sold within 30 days, 69% of homes were sold within 30 to 90 days, and 23% 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.