Is 72712, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 72712 has remained a Seller's Market.
Housing Prices in 72712, AR
How much do homes in 72712, AR cost?
Median Sold Price
$465,138
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 72712 was $465,138 in March 2024, up 3.5% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $430K | $325K | -24.4% |
2 Bedrooms | $363.6K | $601.5K | +65.4% |
3 Bedrooms | $338.9K | $350K | +3.2% |
4 Bedrooms | $510.5K | $515K | +0.9% |
5+ Bedrooms | $770K | $730K | -5.2% |
Summary: 72712 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.4%, 2 bedroom homes increased by 65.4%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes decreased by 5.2%.
Housing Supply in 72712, AR
How many homes are available in 72712, AR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
315 | 343 | +8.9% |
Summary: The 72712 real estate market had 343 homes for sale in March 2024, a 8.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 23 | 23 | 0.0% |
3 Bedrooms | 99 | 123 | +24.2% |
4 Bedrooms | 156 | 155 | -0.6% |
5+ Bedrooms | 35 | 39 | +11.4% |
Summary: The 72712 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 24.2%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 11.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
66 | 60 | -9.1% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 60 homes were sold or pending in 72712 in March 2024, down by 9.1% month-over-month. Of the 60 sold homes, 40% were sold under asking, 37% were sold at asking, and 23% were sold over asking.
Days on Market for 72712, AR
How long does it take to sell a home in 72712, AR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
127 Days | 77 Days | -39.8% |
Summary: Homes in 72712 had an average of 77 days on market in Mar 2024, down by 39.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Summary: During March 2024, 60 homes were sold in 72712; 15% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.