Is 72704, 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, 72704 has remained a Seller's Market.
Housing Prices in 72704, AR
How much do homes in 72704, AR cost?
Median Sold Price
$342,315
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 72704 was $342,315 in April 2024, up 0.7% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $160K | $215K | +34.4% |
2 Bedrooms | $250K | $259K | +3.6% |
3 Bedrooms | $308.5K | $316.4K | +2.6% |
4 Bedrooms | $420K | $427.6K | +1.8% |
5+ Bedrooms | $551.7K | $655K | +18.7% |
Summary: 72704 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.4%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 18.7%.
Housing Supply in 72704, AR
How many homes are available in 72704, AR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
152 | 162 | +6.6% |
Summary: The 72704 real estate market had 162 homes for sale in April 2024, a 6.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 13 | 14 | +7.7% |
3 Bedrooms | 88 | 95 | +8.0% |
4 Bedrooms | 40 | 41 | +2.5% |
5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The 72704 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 increased by 7.7%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 38 | 0.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in 72704 in April 2024, the same as the previous month. Of the 38 sold homes, 32% were sold under asking, 50% were sold at asking, and 18% were sold over asking.
Days on Market for 72704, AR
How long does it take to sell a home in 72704, AR?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
100 Days | 65 Days | -35.4% |
Summary: Homes in 72704 had an average of 65 days on market in Apr 2024, down by 35.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 38 homes were sold in 72704; 32% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.