Is Gentry, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gentry is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Gentry was a Neutral Market.

Key Takeaway

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

Housing Prices in Gentry, AR

How much do homes in Gentry, AR cost?

Median Sold Price

$269,533

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$27,783(+11.5%)

Key Takeaway

Homes in Gentry have sold for 11.5% more than they did a year ago.

Summary: The median home sold price in Gentry was $269,533 in February 2024, up 11.5% from last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $150K$223.5K
+49.0%
3 $229.9K$249.9K
+8.7%
4 $262.9K$277K
+5.3%
5+ $422.8K$460K
+8.8%

Summary: Gentry housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 49%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 8.8%.

Housing Supply in Gentry, AR

How many homes are available in Gentry, AR?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4854+12.5%

Summary: The Gentry real estate market had 54 homes for sale in February 2024, a 12.5% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 2025
+25.0%
4 2322
-4.3%
5+ 12
+100.0%

Summary: The Gentry housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
37+133.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gentry, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Gentry in February 2024, up by 133.3% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.

Days on Market for Gentry, AR

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

Average Sale Time

Feb 2023Feb 2024CHANGE
67 Days101 Days+49.9%

Summary: Homes in Gentry had an average of 101 days on market in Feb 2024, up by 49.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Gentry has remained consistent over time.

Summary: During February 2024, 7 homes were sold in Gentry; 14% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 43% 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 27 Days Ago

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