Is Little Rock, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Little Rock is a 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

$250,000

$144/sqft

Based on all homes sold in May 2024.

The Median Sold Price hasn't changed since April 2024.

Key Takeaway

The sold price of homes in Little Rock has remained the same since last month.

Summary: The median home sold price in Little Rock was $250,000 in May 2024, the same as last month, and the median price per square foot was $144.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 $186K$88.5K
-52.4%
2 $159.5K$160K
0.3%
3 $215.4K$230K
+6.8%
4 $400K$390K
-2.5%
5+ $531K$500K
-5.8%

Summary: Little Rock housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 52.4%, 2 bedroom homes increased by 0.3%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 5.8%.

Median Sold Price Compared To Nearby Cities

Cammack Village
+121.1%
Alexander
+30.9%
Big Rock Township
+0.9%
Little Rock
0.0%
Shannon Hills
-31.7%

Housing Supply in Little Rock, AR

How many homes are available in Little Rock, AR?

Number of Homes For Sale

Apr 2024May 2024CHANGE
9511,016+6.8%

Summary: The Little Rock real estate market had 1,016 homes for sale in May 2024, a 6.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 98
-11.1%
2 130143
+10.0%
3 492517
+5.1%
4 258275
+6.6%
5+ 6273
+17.7%

Summary: The Little Rock housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 17.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
254250-1.6%

Asking Price vs. Sold Price

95 Homes Were Sold
Under Asking

85 Homes Were Sold
At Asking

49 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Little Rock, you may be able to get a good deal. 41.5% of homes here sold below asking price last month.

Summary: A total of 250 homes were sold or pending in Little Rock in May 2024, down by 1.6% month-over-month. Of the 229 sold homes, 41% were sold under asking, 37% were sold at asking, and 21% were sold over asking.

Days on Market for Little Rock, AR

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

Newest Listings in Little Rock, AR

Nearby Markets to Little Rock, AR

What housing markets are near Little Rock, AR?