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

$225,000

$134/sqft

Based on all homes sold in February 2024.

The Median Sold Price hasn't changed since January 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 $225,000 in February 2024, the same as last month, and the median price per square foot was $134.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 $103K$138.5K
+34.5%
3 $192.5K$214K
+11.2%
4 $415K$385.5K
-7.1%
5+ $700K$644.9K
-7.9%

Summary: Little Rock housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 34.5%, 3 bedroom homes increased by 11.2%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 7.9%.

Median Sold Price Compared To Nearby Cities

Big Rock Township
+1.1%
Little Rock
0.0%
Shannon Hills
-9.2%
Alexander
-9.6%

Housing Supply in Little Rock, AR

How many homes are available in Little Rock, AR?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
751849+13.0%

Summary: The Little Rock real estate market had 849 homes for sale in February 2024, a 13.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 1316
+23.1%
2 102114
+11.8%
3 375431
+14.9%
4 214235
+9.8%
5+ 4753
+12.8%

Summary: The Little Rock housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23.1%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 12.8%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
152157+3.3%

Asking Price vs. Sold Price

64 Homes Were Sold
Under Asking

55 Homes Were Sold
At Asking

26 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. 44.1% of homes here sold below asking price last month.

Summary: A total of 157 homes were sold or pending in Little Rock in February 2024, up by 3.3% month-over-month. Of the 145 sold homes, 44% were sold under asking, 38% were sold at asking, and 18% 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

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Little Rock are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 157 homes were sold in Little Rock; 1% 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.

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

Report Updated 27 Days Ago

Newest Listings in Little Rock, AR

Nearby Markets to Little Rock, AR

What housing markets are near Little Rock, AR?