Is Farmington Township, 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, Farmington Township has remained a Seller's Market.
Housing Prices in Farmington Township, AR
How much do homes in Farmington Township, AR cost?
Median Sold Price
$322,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Farmington Township was $322,000 in March 2024, up 5.9% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $210K | $206.5K | -1.7% |
3 Bedrooms | $290K | $307K | +5.9% |
4 Bedrooms | $385K | $430K | +11.7% |
5+ Bedrooms | $785K | $775K | -1.3% |
Summary: Farmington Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes decreased by 1.3%.
Median Sold Price Compared To Nearby Cities
Prairie Grove | $267K | $284.9K | +6.7% |
Farmington Township | $304K | $322K | +5.9% |
Farmington | $304K | $322K | +5.9% |
Prairie Grove Township | $270K | $284.9K | +5.5% |
Center Township | $341K | $321.2K | -5.8% |
Housing Supply in Farmington Township, AR
How many homes are available in Farmington Township, AR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
65 | 58 | -10.8% |
Summary: The Farmington Township real estate market had 58 homes for sale in March 2024, a 10.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 33 | 34 | +3.0% |
4 Bedrooms | 26 | 20 | -23.1% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Farmington Township 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 decreased by 100%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 24 | +33.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Farmington Township in March 2024, up by 33.3% month-over-month. Of the 24 sold homes, 42% were sold under asking, 46% were sold at asking, and 13% were sold over asking.
Days on Market for Farmington Township, AR
How long does it take to sell a home in Farmington Township, AR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
89 Days | 117 Days | +30.7% |
Summary: Homes in Farmington Township had an average of 117 days on market in Mar 2024, up by 30.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in Farmington Township; 8% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 46% of homes were sold over 90 days.