Is 72762, 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, 72762 has remained a Seller's Market.
Key Takeaway
72762 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 72762, AR
How much do homes in 72762, AR cost?
Median Sold Price
$352,297
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 72762 have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in 72762 was $352,297 in March 2024, up 5.2% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $233.5K | +26.2% |
| 2 Bedrooms | $177.5K | $196.5K | +10.7% |
| 3 Bedrooms | $299K | $301.1K | +0.7% |
| 4 Bedrooms | $436K | $477K | +9.4% |
| 5+ Bedrooms | $622.5K | $687K | +10.4% |
Summary: 72762 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.2%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 10.4%.
Housing Supply in 72762, AR
How many homes are available in 72762, AR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 153 | 141 | -7.8% |
Summary: The 72762 real estate market had 141 homes for sale in March 2024, a 7.8% 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 | 3 | 1 | -66.7% |
| 3 Bedrooms | 74 | 58 | -21.6% |
| 4 Bedrooms | 67 | 69 | +3.0% |
| 5+ Bedrooms | 9 | 13 | +44.4% |
Summary: The 72762 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 decreased by 66.7%, 3 bedroom homes decreased by 21.6%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 44.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 52 | 37 | -28.8% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 72762, expect to pay close to the asking price. 45.9% of homes here sold near the asking price last month.
Summary: A total of 37 homes were sold or pending in 72762 in March 2024, down by 28.8% month-over-month. Of the 37 sold homes, 35% were sold under asking, 46% were sold at asking, and 19% were sold over asking.
Days on Market for 72762, AR
How long does it take to sell a home in 72762, AR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 61 Days | 72 Days | +17.9% |
Summary: Homes in 72762 had an average of 72 days on market in Mar 2024, up by 17.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 72762 has remained consistent over time.
Summary: During March 2024, 37 homes were sold in 72762; 30% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 32% 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.