Is Little Rock, 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, Little Rock has remained a Seller's Market.
Key Takeaway
Little Rock is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Little Rock, AR
How much do homes in Little Rock, AR cost?
Median Sold Price
$239,950
$135/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Little Rock have sold for 2.1% more than they did a month ago.
Summary: The median home sold price in Little Rock was $239,950 in March 2024, up 2.1% from last month, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $154K | N/A |
| 2 Bedrooms | $122K | $103.7K | -15.0% |
| 3 Bedrooms | $208.5K | $204K | -2.2% |
| 4 Bedrooms | $385.2K | $414.9K | +7.7% |
| 5+ Bedrooms | $644.9K | $583.5K | -9.5% |
Summary: Little Rock 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 15%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 9.5%.
Median Sold Price Compared To Nearby Cities
| Shannon Hills | $173K | $195K | +12.7% |
| Alexander | $212.5K | $227.5K | +7.1% |
| Big Rock Township | $235K | $242.5K | +3.2% |
| Little Rock | $235K | $239.9K | +2.1% |
Housing Supply in Little Rock, AR
How many homes are available in Little Rock, AR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 819 | 942 | +15.0% |
Summary: The Little Rock real estate market had 942 homes for sale in March 2024, a 15.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 14 | 0.0% |
| 2 Bedrooms | 111 | 132 | +18.9% |
| 3 Bedrooms | 419 | 474 | +13.1% |
| 4 Bedrooms | 228 | 266 | +16.7% |
| 5+ Bedrooms | 47 | 56 | +19.1% |
Summary: The Little Rock 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 18.9%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 19.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 171 | 219 | +28.1% |
Asking Price vs. Sold Price
105 Homes Were Sold
Under Asking
66 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Little Rock, you may be able to get a good deal. 51.5% of homes here sold below asking price last month.
Summary: A total of 219 homes were sold or pending in Little Rock in March 2024, up by 28.1% month-over-month. Of the 204 sold homes, 51% were sold under asking, 32% were sold at asking, and 16% were sold over asking.
Days on Market for Little Rock, AR
How long does it take to sell a home in Little Rock, AR?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Little Rock has remained consistent over time.
Summary: During March 2024, 219 homes were sold in Little Rock; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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.