Is 72774, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 72774 has remained a Seller's Market.
Key Takeaway
72774 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 72774, AR
How much do homes in 72774, AR cost?
Median Sold Price
$228,200
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 72774 have sold for 12.1% less than they did a year ago.
Summary: The median home sold price in 72774 was $228,200 in April 2024, down 12.1% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $249.5K | $85.8K | -65.6% |
| 2 Bedrooms | $240K | $175K | -27.1% |
| 3 Bedrooms | $255.1K | $229.9K | -9.9% |
| 4 Bedrooms | $287K | $305K | +6.3% |
| 5+ Bedrooms | $408.7K | - | N/A |
Summary: 72774 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 65.6%, 2 bedroom homes decreased by 27.1%, 3 bedroom homes decreased by 9.9%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes did not change.
Housing Supply in 72774, AR
How many homes are available in 72774, AR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 21 | +5.0% |
Summary: The 72774 real estate market had 21 homes for sale in April 2024, a 5.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 72774 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 72774, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 72774 in April 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for 72774, AR
How long does it take to sell a home in 72774, AR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 53 Days | 41 Days | -21.9% |
Summary: Homes in 72774 had an average of 41 days on market in Apr 2024, down by 21.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 72774 has remained consistent over time.
Summary: During April 2024, 4 homes were sold in 72774; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Cooperative Arkansas REALTORS® Multiple Listing Services, Inc. Real estate listings, held by brokerage firms other than this broker, are marked with the Broker Reciprocity℠ logo and information about them includes the name of the listing brokers. The 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 data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Cooperative Arkansas Realtors MLS. All Rights Reserved.