Is 72616, 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, 72616 was a Seller's Market.
Housing Prices in 72616, AR
How much do homes in 72616, AR cost?
Median Sold Price
$221,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 72616 was $221,000 in April 2024, up 24.2% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $129.9K | $315K | +142.4% |
2 Bedrooms | $127K | $153K | +20.5% |
3 Bedrooms | $181.5K | $216.5K | +19.3% |
4 Bedrooms | $204.2K | $255K | +24.8% |
5+ Bedrooms | - | $519.9K | N/A |
Summary: 72616 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 142.4%, 2 bedroom homes increased by 20.5%, 3 bedroom homes increased by 19.3%, 4 bedroom homes increased by 24.8%, and 5+ bedroom homes did not change.
Housing Supply in 72616, AR
How many homes are available in 72616, AR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
46 | 45 | -2.2% |
Summary: The 72616 real estate market had 45 homes for sale in April 2024, a 2.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 13 | 12 | -7.7% |
3 Bedrooms | 15 | 16 | +6.7% |
4 Bedrooms | 13 | 10 | -23.1% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 72616 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 decreased by 7.7%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 4 | -60.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in 72616 in April 2024, down by 60.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for 72616, AR
How long does it take to sell a home in 72616, AR?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
44 Days | 68 Days | +53.4% |
Summary: Homes in 72616 had an average of 68 days on market in Apr 2024, up by 53.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in 72616; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.