Is Berryville, 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, Berryville has remained a Seller's Market.
Housing Prices in Berryville, AR
How much do homes in Berryville, AR cost?
Median Sold Price
$217,500
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Berryville was $217,500 in March 2024, up 28% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $93.9K | $315K | +235.2% |
2 Bedrooms | $132K | $160K | +21.2% |
3 Bedrooms | $173.4K | $205K | +18.2% |
4 Bedrooms | $206.1K | $255K | +23.7% |
5+ Bedrooms | - | $665K | N/A |
Summary: Berryville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 235.2%, 2 bedroom homes increased by 21.2%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 23.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Berryville | $169.9K | $217.5K | +28.0% |
Prairie Township | $171.6K | $205K | +19.4% |
Housing Supply in Berryville, AR
How many homes are available in Berryville, AR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
39 | 46 | +17.9% |
Summary: The Berryville real estate market had 46 homes for sale in March 2024, a 17.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 9 | 14 | +55.6% |
3 Bedrooms | 12 | 15 | +25.0% |
4 Bedrooms | 12 | 13 | +8.3% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Berryville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 55.6%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 10 | +400.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Berryville in March 2024, up by 400.0% month-over-month. Of the 10 sold homes, 90% were sold under asking, 10% were sold at asking, and 0% were sold over asking.
Days on Market for Berryville, AR
How long does it take to sell a home in Berryville, AR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
83 Days | 135 Days | +63.0% |
Summary: Homes in Berryville had an average of 135 days on market in Mar 2024, up by 63% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in Berryville; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.