Is Pea Ridge, 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, Pea Ridge has remained a Seller's Market.
Housing Prices in Pea Ridge, AR
How much do homes in Pea Ridge, AR cost?
Median Sold Price
$367,950
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Pea Ridge was $367,950 in April 2024, up 4.8% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $142.5K | $180K | +26.3% |
3 Bedrooms | $282K | $302K | +7.1% |
4 Bedrooms | $385.7K | $413.5K | +7.2% |
5+ Bedrooms | $650K | $396.8K | -38.9% |
Summary: Pea Ridge housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.3%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes decreased by 38.9%.
Housing Supply in Pea Ridge, AR
How many homes are available in Pea Ridge, AR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
150 | 140 | -6.7% |
Summary: The Pea Ridge real estate market had 140 homes for sale in April 2024, a 6.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 4 | -33.3% |
3 Bedrooms | 55 | 50 | -9.1% |
4 Bedrooms | 83 | 79 | -4.8% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Pea Ridge 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 33.3%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 26 | +8.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Pea Ridge in April 2024, up by 8.3% month-over-month. Of the 26 sold homes, 23% were sold under asking, 62% were sold at asking, and 15% were sold over asking.
Days on Market for Pea Ridge, AR
How long does it take to sell a home in Pea Ridge, AR?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
103 Days | 121 Days | +16.7% |
Summary: Homes in Pea Ridge had an average of 121 days on market in Apr 2024, up by 16.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During April 2024, 26 homes were sold in Pea Ridge; 15% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.