Is Faulkner County, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Faulkner County has remained a Seller's Market.
Key Takeaway
Faulkner County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Faulkner County, AR
How much do homes in Faulkner County, AR cost?
Median Sold Price
$272,200
$158/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Faulkner County have sold for 5.7% less than they did a month ago.
Summary: The median home sold price in Faulkner County was $272,200 in April 2024, down 5.7% from last month, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $101.5K | - | N/A |
| 2 Bedrooms | $260K | $167K | -35.8% |
| 3 Bedrooms | $245K | $224K | -8.6% |
| 4 Bedrooms | $404.5K | $400K | -1.1% |
| 5+ Bedrooms | $621K | $615K | -1.0% |
Summary: Faulkner County housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 35.8%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 1%.
Median Sold Price Compared To Nearby Counties
| Perry County | $135K | $159.9K | +18.5% |
| Pulaski County | $216.8K | $235K | +8.4% |
| Lonoke County | $223K | $220.9K | -0.9% |
| Faulkner County | $288.7K | $272.2K | -5.7% |
| Conway County | $179.9K | $167.9K | -6.6% |
Housing Supply in Faulkner County, AR
How many homes are available in Faulkner County, AR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 419 | 433 | +3.3% |
Summary: The Faulkner County real estate market had 433 homes for sale in April 2024, a 3.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 24 | 24 | 0.0% |
| 3 Bedrooms | 201 | 211 | +5.0% |
| 4 Bedrooms | 167 | 164 | -1.8% |
| 5+ Bedrooms | 24 | 33 | +37.5% |
Summary: The Faulkner County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes remained the same, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 104 | 120 | +15.4% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
54 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Faulkner County, expect to pay close to the asking price. 47.8% of homes here sold near the asking price last month.
Summary: A total of 120 homes were sold or pending in Faulkner County in April 2024, up by 15.4% month-over-month. Of the 113 sold homes, 35% were sold under asking, 48% were sold at asking, and 17% were sold over asking.
Days on Market for Faulkner County, AR
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Cooperative Arkansas REALTORS® Multiple Listing Services, Inc. Real estate listings, held by brokerage firms other than this broker, are marked with the Broker Reciprocity℠ logo and information about them includes the name of the listing brokers. The IDX information is provided exclusively for consumers’ personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Cooperative Arkansas Realtors MLS. All Rights Reserved.
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