Is Downtown, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Downtown was a Buyer's Market.
Housing Prices in Downtown, AR
How much do homes in Downtown, AR cost?
Median Sold Price
$174,500
$172/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Downtown was $174,500 in March 2024, down 18.8% from last month, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $245K | N/A |
2 Bedrooms | $184.1K | $87K | -52.8% |
3 Bedrooms | $281.1K | $400K | +42.3% |
4 Bedrooms | $66.1K | $380K | +474.9% |
5+ Bedrooms | - | - | N/A |
Summary: Downtown housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 52.8%, 3 bedroom homes increased by 42.3%, 4 bedroom homes increased by 474.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
East of Broadway | $226.8K | $199.2K | -12.2% |
Downtown | $215K | $174.5K | -18.8% |
Macarthur Park | $247.5K | $164.7K | -33.4% |
Housing Supply in Downtown, AR
How many homes are available in Downtown, AR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
62 | 74 | +19.4% |
Summary: The Downtown real estate market had 74 homes for sale in March 2024, a 19.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 8 | 0.0% |
2 Bedrooms | 25 | 28 | +12.0% |
3 Bedrooms | 17 | 22 | +29.4% |
4 Bedrooms | 9 | 12 | +33.3% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Downtown 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 increased by 12%, 3 bedroom homes increased by 29.4%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 12 | +50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Downtown in March 2024, up by 50.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.
Days on Market for Downtown, AR
We’re sorry, we don't have information for this market at the moment