Is 72019, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 72019 was a Neutral Market.
Key Takeaway
72019 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 72019, AR
How much do homes in 72019, AR cost?
Median Sold Price
$345,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 72019 have sold for 15.9% less than they did a year ago.
Summary: The median home sold price in 72019 was $345,000 in April 2024, down 15.9% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $46.2K | $160.5K | +247.0% |
| 3 Bedrooms | $318.5K | $243K | -23.7% |
| 4 Bedrooms | $454K | $390K | -14.1% |
| 5+ Bedrooms | $449.4K | $600K | +33.5% |
Summary: 72019 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 247%, 3 bedroom homes decreased by 23.7%, 4 bedroom homes decreased by 14.1%, and 5+ bedroom homes increased by 33.5%.
Housing Supply in 72019, AR
How many homes are available in 72019, AR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 139 | 142 | +2.2% |
Summary: The 72019 real estate market had 142 homes for sale in April 2024, a 2.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 49 | 53 | +8.2% |
| 4 Bedrooms | 63 | 61 | -3.2% |
| 5+ Bedrooms | 20 | 19 | -5.0% |
Summary: The 72019 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 34 | 34 | 0.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 72019, expect to pay close to the asking price. 43.8% of homes here sold near the asking price last month.
Summary: A total of 34 homes were sold or pending in 72019 in April 2024, the same as the previous month. Of the 32 sold homes, 31% were sold under asking, 44% were sold at asking, and 25% were sold over asking.
Days on Market for 72019, AR
How long does it take to sell a home in 72019, AR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 363 Days | 115 Days | -68.3% |
Summary: Homes in 72019 had an average of 115 days on market in Apr 2024, down by 68.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in 72019 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 34 homes were sold in 72019; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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.