Is 72734, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 72734 is a seller's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 72734 was a Buyer's Market.

Key Takeaway

72734 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 72734, AR

How much do homes in 72734, AR cost?

Median Sold Price

$269,900

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$15,110(+5.9%)

Key Takeaway

Homes in 72734 have sold for 5.9% more than they did a year ago.

Summary: The median home sold price in 72734 was $269,900 in April 2024, up 5.9% from last year, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $201K$215K
+7.0%
3 $242.4K$248.4K
+2.5%
4 $266K$300K
+12.8%
5+ $468.9K$489K
+4.3%

Summary: 72734 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 4.3%.

Median Sold Price Compared To Nearby Zip Codes

72761
+7.9%
72712
+7.0%
72734
+5.9%
72722
+1.4%

Housing Supply in 72734, AR

How many homes are available in 72734, AR?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
6865-4.4%

Summary: The 72734 real estate market had 65 homes for sale in April 2024, a 4.4% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 56
+20.0%
3 3635
-2.8%
4 2522
-12.0%
5+ 11
0.0%

Summary: The 72734 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 20%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
612+100.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 72734, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in 72734 in April 2024, up by 100.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for 72734, AR

How long does it take to sell a home in 72734, AR?

Average Sale Time

Apr 2023Apr 2024CHANGE
97 Days80 Days-17.3%

Summary: Homes in 72734 had an average of 80 days on market in Apr 2024, down by 17.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 72734 has remained consistent over time.

Summary: During April 2024, 12 homes were sold in 72734; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in 72734, AR

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