Is 72116, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 72116 has remained a Seller's Market.
Housing Prices in 72116, AR
How much do homes in 72116, AR cost?
Median Sold Price
$215,500
$131/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in 72116 was $215,500 in April 2024, down 9.5% from last month, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $163K | $162K | -0.6% |
3 Bedrooms | $240.2K | $215.2K | -10.4% |
4 Bedrooms | $271.4K | $303K | +11.6% |
5+ Bedrooms | $630K | $287K | -54.4% |
Summary: 72116 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 decreased by 0.6%, 3 bedroom homes decreased by 10.4%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes decreased by 54.4%.
Housing Supply in 72116, AR
How many homes are available in 72116, AR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
82 | 86 | +4.9% |
Summary: The 72116 real estate market had 86 homes for sale in April 2024, a 4.9% increase 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 | 8 | 3 | -62.5% |
3 Bedrooms | 41 | 48 | +17.1% |
4 Bedrooms | 27 | 28 | +3.7% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 72116 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 62.5%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 29 | +38.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in 72116 in April 2024, up by 38.1% month-over-month. Of the 27 sold homes, 33% were sold under asking, 26% were sold at asking, and 41% were sold over asking.
Days on Market for 72116, AR
We’re sorry, we don't have information for this market at the moment