Is 72703, 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, 72703 has remained a Seller's Market.
Key Takeaway
72703 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 72703, AR
How much do homes in 72703, AR cost?
Median Sold Price
$422,980
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 72703 have sold for 13.6% more than they did a year ago.
Summary: The median home sold price in 72703 was $422,980 in April 2024, up 13.6% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $143K | $199K | +39.2% |
| 2 Bedrooms | $210K | $249.9K | +19.0% |
| 3 Bedrooms | $309.9K | $359K | +15.8% |
| 4 Bedrooms | $560K | $585K | +4.5% |
| 5+ Bedrooms | $780K | $800K | +2.6% |
Summary: 72703 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.2%, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 2.6%.
Housing Supply in 72703, AR
How many homes are available in 72703, AR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 138 | 154 | +11.6% |
Summary: The 72703 real estate market had 154 homes for sale in April 2024, a 11.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 8 | 15 | +87.5% |
| 3 Bedrooms | 57 | 54 | -5.3% |
| 4 Bedrooms | 59 | 66 | +11.9% |
| 5+ Bedrooms | 10 | 16 | +60.0% |
Summary: The 72703 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 87.5%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 42 | +55.6% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 72703, you may be able to get a good deal. 54.8% of homes here sold below asking price last month.
Summary: A total of 42 homes were sold or pending in 72703 in April 2024, up by 55.6% month-over-month. Of the 42 sold homes, 55% were sold under asking, 26% were sold at asking, and 19% were sold over asking.
Days on Market for 72703, AR
How long does it take to sell a home in 72703, AR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 83 Days | 68 Days | -17.6% |
Summary: Homes in 72703 had an average of 68 days on market in Apr 2024, down by 17.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 72703 has remained consistent over time.
Summary: During April 2024, 42 homes were sold in 72703; 24% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
Disclaimer: 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 the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright © 2024 Northwest Arkansas Board of Realtors All rights reserved.