Is Boone County, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Boone County is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Boone County has remained a Buyer's Market.

Key Takeaway

Boone County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Boone County, AR

How much do homes in Boone County, AR cost?

Median Sold Price

$282,500

$135/sqft

Based on all homes sold in June 2024.

Difference Since Last Month

+$62,500(+28.4%)

Key Takeaway

Homes in Boone County have sold for 28.4% more than they did a month ago.

Summary: The median home sold price in Boone County was $282,500 in June 2024, up 28.4% from last month, and the median price per square foot was $135.

Median Sold Price By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 --
N/A
2 $135K$370K
+174.1%
3 $194.9K$155K
-20.5%
4 $695K$195K
-71.9%
5+ -$470K
N/A

Summary: Boone County housing prices by bedroom type for June 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 174.1%, 3 bedroom homes decreased by 20.5%, 4 bedroom homes decreased by 71.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Boone County
+28.4%
Marion County
-9.5%

Housing Supply in Boone County, AR

How many homes are available in Boone County, AR?

Number of Homes For Sale

May 2024Jun 2024CHANGE
4138-7.3%

Summary: The Boone County real estate market had 38 homes for sale in June 2024, a 7.3% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 11
0.0%
2 65
-16.7%
3 1514
-6.7%
4 1511
-26.7%
5+ 47
+75.0%

Summary: The Boone County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes increased by 75%.

Number of Homes Sold

May 2024Jun 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

3 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 Boone County, 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 Boone County in June 2024, down by 20.0% month-over-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 Boone County, AR

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

Average Sale Time

May 2024Jun 2024CHANGE
32 Days103 Days+215.5%

Summary: Homes in Boone County had an average of 103 days on market in Jun 2024, up by 215.5% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Boone County has remained consistent over time.

Summary: During June 2024, 4 homes were sold in Boone County; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 26 Days Ago

Newest Listings in Boone County, AR

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