Is Lonoke, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Lonoke was a Buyer's Market.
Key Takeaway
Lonoke is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lonoke, AR
How much do homes in Lonoke, AR cost?
Median Sold Price
$166,000
$147/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Lonoke have sold for 69.4% more than they did a month ago.
Summary: The median home sold price in Lonoke was $166,000 in April 2024, up 69.4% from last month, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $98K | $83.5K | -14.8% |
| 3 Bedrooms | $134K | $184.7K | +37.9% |
| 4 Bedrooms | $30K | $218K | +626.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: Lonoke housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.8%, 3 bedroom homes increased by 37.9%, 4 bedroom homes increased by 626.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lonoke | $98K | $166K | +69.4% |
| Lonoke Township | $98K | $166K | +69.4% |
Housing Supply in Lonoke, AR
How many homes are available in Lonoke, AR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 32 | +45.5% |
Summary: The Lonoke real estate market had 32 homes for sale in April 2024, a 45.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 10 | 18 | +80.0% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lonoke housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 80%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lonoke, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Lonoke in April 2024, up by 133.3% month-over-month. Of the 7 sold homes, 43% were sold under asking, 57% were sold at asking, and 0% were sold over asking.
Days on Market for Lonoke, AR
We’re sorry, we don't have information for this market at the moment
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.