Is 72715, 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, 72715 has remained a Seller's Market.
Key Takeaway
72715 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 72715, AR
How much do homes in 72715, AR cost?
Median Sold Price
$333,859
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 72715 have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in 72715 was $333,859 in March 2024, up 2.7% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $173.5K | -13.3% |
| 2 Bedrooms | $255K | $286.5K | +12.4% |
| 3 Bedrooms | $339.9K | $340K | 0.0% |
| 4 Bedrooms | $465K | $477.5K | +2.7% |
| 5+ Bedrooms | $459K | $487.4K | +6.2% |
Summary: 72715 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.3%, 2 bedroom homes increased by 12.4%, 3 bedroom homes did not change, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 6.2%.
Housing Supply in 72715, AR
How many homes are available in 72715, AR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 263 | 313 | +19.0% |
Summary: The 72715 real estate market had 313 homes for sale in March 2024, a 19.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 73 | 80 | +9.6% |
| 3 Bedrooms | 151 | 189 | +25.2% |
| 4 Bedrooms | 37 | 39 | +5.4% |
| 5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The 72715 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 9.6%, 3 bedroom homes increased by 25.2%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 43 | 62 | +44.2% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 72715, you may be able to get a good deal. 48.4% of homes here sold below asking price last month.
Summary: A total of 62 homes were sold or pending in 72715 in March 2024, up by 44.2% month-over-month. Of the 62 sold homes, 48% were sold under asking, 37% were sold at asking, and 15% were sold over asking.
Days on Market for 72715, AR
How long does it take to sell a home in 72715, AR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 79 Days | 108 Days | +35.4% |
Summary: Homes in 72715 had an average of 108 days on market in Mar 2024, up by 35.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
35 Homes Were Sold
In 30 - 90 Days
24 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 72715 has remained consistent over time.
Summary: During March 2024, 62 homes were sold in 72715; 5% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 39% 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.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Cooperative Arkansas REALTORS® Multiple Listing Services, Inc. Real estate listings, held by brokerage firms other than this broker, are marked with the Broker Reciprocity℠ logo and information about them includes the name of the listing brokers. The 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 data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Cooperative Arkansas Realtors MLS. All Rights Reserved.