Is 72718, 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, 72718 has remained a Seller's Market.
Housing Prices in 72718, AR
How much do homes in 72718, AR cost?
Median Sold Price
$599,000
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 72718 was $599,000 in March 2024, up 15.1% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $250K | N/A |
2 Bedrooms | $275K | $627.5K | +128.2% |
3 Bedrooms | $355K | $395K | +11.3% |
4 Bedrooms | $548K | $625.9K | +14.2% |
5+ Bedrooms | $610.8K | $885K | +44.9% |
Summary: 72718 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 128.2%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 14.2%, and 5+ bedroom homes increased by 44.9%.
Housing Supply in 72718, AR
How many homes are available in 72718, AR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
50 | 40 | -20.0% |
Summary: The 72718 real estate market had 40 homes for sale in March 2024, a 20.0% decrease 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 | 1 | 1 | 0.0% |
3 Bedrooms | 9 | 10 | +11.1% |
4 Bedrooms | 33 | 24 | -27.3% |
5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The 72718 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 remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 11 | -26.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 72718 in March 2024, down by 26.7% month-over-month. Of the 11 sold homes, 36% were sold under asking, 55% were sold at asking, and 9% were sold over asking.
Days on Market for 72718, AR
How long does it take to sell a home in 72718, AR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
61 Days | 74 Days | +21.1% |
Summary: Homes in 72718 had an average of 74 days on market in Mar 2024, up by 21.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in 72718; 0% of homes were sold within 30 days, 91% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.