Is 72714, 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, 72714 has remained a Seller's Market.
Housing Prices in 72714, AR
How much do homes in 72714, AR cost?
Median Sold Price
$350,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 72714 was $350,000 in March 2024, up 3.2% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $259K | N/A |
2 Bedrooms | $230K | $269.9K | +17.3% |
3 Bedrooms | $324K | $350K | +8.0% |
4 Bedrooms | $425K | $424.9K | 0% |
5+ Bedrooms | $492.4K | $499.9K | +1.5% |
Summary: 72714 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.3%, 3 bedroom homes increased by 8%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 1.5%.
Housing Supply in 72714, AR
How many homes are available in 72714, AR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
158 | 177 | +12.0% |
Summary: The 72714 real estate market had 177 homes for sale in March 2024, a 12.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 31 | 32 | +3.2% |
3 Bedrooms | 94 | 105 | +11.7% |
4 Bedrooms | 28 | 36 | +28.6% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 72714 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
27 | 43 | +59.3% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 43 homes were sold or pending in 72714 in March 2024, up by 59.3% month-over-month. Of the 43 sold homes, 44% were sold under asking, 35% were sold at asking, and 21% were sold over asking.
Days on Market for 72714, AR
How long does it take to sell a home in 72714, AR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
68 Days | 84 Days | +22.4% |
Summary: Homes in 72714 had an average of 84 days on market in Mar 2024, up by 22.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During March 2024, 43 homes were sold in 72714; 14% of homes were sold within 30 days, 49% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.