Is 72701, 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, 72701 has remained a Seller's Market.
Housing Prices in 72701, AR
How much do homes in 72701, AR cost?
Median Sold Price
$377,500
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 72701 was $377,500 in April 2024, down 5.6% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $372.5K | +77.4% |
2 Bedrooms | $355K | $342.7K | -3.5% |
3 Bedrooms | $344.5K | $320.5K | -7.0% |
4 Bedrooms | $482.5K | $535K | +10.9% |
5+ Bedrooms | $632.4K | $679K | +7.4% |
Summary: 72701 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 77.4%, 2 bedroom homes decreased by 3.5%, 3 bedroom homes decreased by 7%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 7.4%.
Housing Supply in 72701, AR
How many homes are available in 72701, AR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
166 | 182 | +9.6% |
Summary: The 72701 real estate market had 182 homes for sale in April 2024, a 9.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 29 | 29 | 0.0% |
3 Bedrooms | 69 | 70 | +1.4% |
4 Bedrooms | 50 | 65 | +30.0% |
5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The 72701 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 remained the same, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 37 | +19.4% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in 72701 in April 2024, up by 19.4% month-over-month. Of the 37 sold homes, 65% were sold under asking, 30% were sold at asking, and 5% were sold over asking.
Days on Market for 72701, AR
How long does it take to sell a home in 72701, AR?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
96 Days | 92 Days | -4.2% |
Summary: Homes in 72701 had an average of 92 days on market in Apr 2024, down by 4.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During April 2024, 37 homes were sold in 72701; 16% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 41% of homes were sold over 90 days.