Is 72740, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 72740 was a Seller's Market.
Housing Prices in 72740, AR
How much do homes in 72740, AR cost?
Median Sold Price
$210,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 72740 was $210,000 in April 2024, down 17.6% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $140K | $143.1K | +2.3% |
2 Bedrooms | $258K | $203.2K | -21.2% |
3 Bedrooms | $238K | $200K | -16.0% |
4 Bedrooms | $304K | $383K | +26.0% |
5+ Bedrooms | $635K | $478.5K | -24.6% |
Summary: 72740 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes decreased by 21.2%, 3 bedroom homes decreased by 16%, 4 bedroom homes increased by 26%, and 5+ bedroom homes decreased by 24.6%.
Housing Supply in 72740, AR
How many homes are available in 72740, AR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
43 | 43 | 0.0% |
Summary: The 72740 real estate market had 43 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 23 | 26 | +13.0% |
4 Bedrooms | 12 | 11 | -8.3% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 72740 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 13%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 7 | -12.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in 72740 in April 2024, down by 12.5% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for 72740, AR
How long does it take to sell a home in 72740, AR?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
111 Days | 128 Days | +15.0% |
Summary: Homes in 72740 had an average of 128 days on market in Apr 2024, up by 15% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in 72740; 14% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.