Is 71603, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 71603 was a Buyer's Market.
Key Takeaway
71603 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 71603, AR
How much do homes in 71603, AR cost?
Median Sold Price
$158,500
$88/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in 71603 have sold for 0.6% more than they did a month ago.
Summary: The median home sold price in 71603 was $158,500 in April 2024, up 0.6% from last month, and the median price per square foot was $88.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $97.5K | $160K | +64.1% |
| 3 Bedrooms | $145.4K | $134.5K | -7.5% |
| 4 Bedrooms | $245.5K | $267.5K | +9.0% |
| 5+ Bedrooms | $190K | - | N/A |
Summary: 71603 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 64.1%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes increased by 9%, and 5+ bedroom homes did not change.
Housing Supply in 71603, AR
How many homes are available in 71603, AR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 113 | 101 | -10.6% |
Summary: The 71603 real estate market had 101 homes for sale in April 2024, a 10.6% 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 | 21 | 16 | -23.8% |
| 3 Bedrooms | 67 | 65 | -3.0% |
| 4 Bedrooms | 22 | 17 | -22.7% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 71603 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 23.8%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 22.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 71603, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 16 homes were sold or pending in 71603 in April 2024, the same as the previous month. Of the 15 sold homes, 33% were sold under asking, 40% were sold at asking, and 27% were sold over asking.
Days on Market for 71603, AR
We’re sorry, we don't have information for this market at the moment
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.