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
$274,250
$146/sqft
Based on all homes sold in June 2024.
Difference Since Last Month
Key Takeaway
Homes in Little Rock have sold for 8.3% more than they did a month ago.
Summary: The median home sold price in Little Rock was $274,250 in June 2024, up 8.3% from last month, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $88.5K | $112.5K | +27.1% |
| 2 Bedrooms | $160K | $191.5K | +19.7% |
| 3 Bedrooms | $230K | $212K | -7.8% |
| 4 Bedrooms | $395K | $465K | +17.7% |
| 5+ Bedrooms | $609.5K | $789.4K | +29.5% |
Summary: Little Rock housing prices by bedroom type for June 2024 compared to the previous month: The home price of 1 bedroom homes increased by 27.1%, 2 bedroom homes increased by 19.7%, 3 bedroom homes decreased by 7.8%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes increased by 29.5%.
Median Sold Price Compared To Nearby Cities
| Alexander | $250.6K | $318K | +26.9% |
| Shannon Hills | $184.9K | $217.7K | +17.8% |
| Little Rock | $253.2K | $274.2K | +8.3% |
| Big Rock Township | $265K | $274.2K | +3.5% |
| Cammack Village | $799.9K | $575.5K | -28.1% |
Housing Supply in Little Rock, AR
How many homes are available in Little Rock, AR?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 989 | 1,043 | +5.5% |
Summary: The Little Rock real estate market had 1,043 homes for sale in June 2024, a 5.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 14 | +75.0% |
| 2 Bedrooms | 140 | 138 | -1.4% |
| 3 Bedrooms | 505 | 532 | +5.3% |
| 4 Bedrooms | 267 | 290 | +8.6% |
| 5+ Bedrooms | 69 | 69 | 0.0% |
Summary: The Little Rock housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 270 | 206 | -23.7% |
Asking Price vs. Sold Price
80 Homes Were Sold
Under Asking
75 Homes Were Sold
At Asking
37 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. 41.7% of homes here sold below asking price last month.
Summary: A total of 206 homes were sold or pending in Little Rock in June 2024, down by 23.7% month-over-month. Of the 192 sold homes, 42% were sold under asking, 39% were sold at asking, and 19% 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
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