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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Berryville is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

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

+$47,600(+28.0%)

Key Takeaway

Homes in Berryville have sold for 28% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $93.9K$315K
+235.2%
2 $132K$160K
+21.2%
3 $173.4K$205K
+18.2%
4 $206.1K$255K
+23.7%
5+ -$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
+28.0%
Prairie Township
+19.4%

Housing Supply in Berryville, AR

How many homes are available in Berryville, AR?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3946+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

# BEDSFeb 2024Mar 2024CHANGE
1 32
-33.3%
2 914
+55.6%
3 1215
+25.0%
4 1213
+8.3%
5+ 32
-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 2024Mar 2024CHANGE
210+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Berryville, you may be able to get a good deal. 90% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
83 Days135 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Berryville, AR

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