Is 72751, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 72751 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 72751 has remained a Seller's Market.

Key Takeaway

72751 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 72751, AR

How much do homes in 72751, AR cost?

Median Sold Price

$365,000

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$15,000(+4.3%)

Key Takeaway

Homes in 72751 have sold for 4.3% more than they did a year ago.

Summary: The median home sold price in 72751 was $365,000 in April 2024, up 4.3% from last year, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $230K$180K
-21.7%
3 $295K$302.5K
+2.5%
4 $385.3K$411.9K
+6.9%
5+ $665K$396.8K
-40.3%

Summary: 72751 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 decreased by 21.7%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes decreased by 40.3%.

Median Sold Price Compared To Nearby Zip Codes

72732
+16.9%
72712
+7.0%
72751
+4.3%
72714
+3.2%

Housing Supply in 72751, AR

How many homes are available in 72751, AR?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
151140-7.3%

Summary: The 72751 real estate market had 140 homes for sale in April 2024, a 7.3% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 53
-40.0%
3 5751
-10.5%
4 8379
-4.8%
5+ 67
+16.7%

Summary: The 72751 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 decreased by 40%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2426+8.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 72751, expect to pay close to the asking price. 61.5% of homes here sold near the asking price last month.

Summary: A total of 26 homes were sold or pending in 72751 in April 2024, up by 8.3% month-over-month. Of the 26 sold homes, 23% were sold under asking, 62% were sold at asking, and 15% were sold over asking.

Days on Market for 72751, AR

How long does it take to sell a home in 72751, AR?

Average Sale Time

Apr 2023Apr 2024CHANGE
103 Days121 Days+16.7%

Summary: Homes in 72751 had an average of 121 days on market in Apr 2024, up by 16.7% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 72751 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 26 homes were sold in 72751; 15% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 50% 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 7 Days Ago

Newest Listings in 72751, AR

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