Is Garland County, 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, Garland County was a Seller's Market.
Key Takeaway
Garland County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Garland County, AR
How much do homes in Garland County, AR cost?
Median Sold Price
$289,500
$157/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Garland County have sold for 3.4% more than they did a month ago.
Summary: The median home sold price in Garland County was $289,500 in March 2024, up 3.4% from last month, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $35K | $136.2K | +289.3% |
| 2 Bedrooms | $175K | $216K | +23.4% |
| 3 Bedrooms | $275K | $289.5K | +5.3% |
| 4 Bedrooms | $391K | $632.5K | +61.8% |
| 5+ Bedrooms | $749.9K | $260K | -65.3% |
Summary: Garland County housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes increased by 289.3%, 2 bedroom homes increased by 23.4%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 61.8%, and 5+ bedroom homes decreased by 65.3%.
Median Sold Price Compared To Nearby Counties
| Saline County | $226.5K | $254.9K | +12.5% |
| Hot Spring County | $179.5K | $195K | +8.6% |
| Garland County | $280K | $289.5K | +3.4% |
| Montgomery County | $364.5K | $278.7K | -23.5% |
| Perry County | $229.9K | $142.5K | -38.0% |
Housing Supply in Garland County, AR
How many homes are available in Garland County, AR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 706 | 794 | +12.5% |
Summary: The Garland County real estate market had 794 homes for sale in March 2024, a 12.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 18 | 26 | +44.4% |
| 2 Bedrooms | 160 | 181 | +13.1% |
| 3 Bedrooms | 363 | 404 | +11.3% |
| 4 Bedrooms | 119 | 131 | +10.1% |
| 5+ Bedrooms | 46 | 52 | +13.0% |
Summary: The Garland County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 44.4%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 13%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 121 | 123 | +1.7% |
Asking Price vs. Sold Price
67 Homes Were Sold
Under Asking
34 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Garland County, you may be able to get a good deal. 60.4% of homes here sold below asking price last month.
Summary: A total of 123 homes were sold or pending in Garland County in March 2024, up by 1.7% month-over-month. Of the 111 sold homes, 60% were sold under asking, 31% were sold at asking, and 9% were sold over asking.
Days on Market for Garland 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.