Is Lonoke County, 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, Lonoke County has remained a Seller's Market.
Key Takeaway
Lonoke County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lonoke County, AR
How much do homes in Lonoke County, AR cost?
Median Sold Price
$222,450
$146/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
The sold price of homes in Lonoke County has remained the same since last month.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $134.5K | $123.4K | -8.2% |
| 3 Bedrooms | $189.9K | $210K | +10.6% |
| 4 Bedrooms | $284.8K | $330.3K | +16.0% |
| 5+ Bedrooms | $439.9K | $697.5K | +58.6% |
Summary: Lonoke County 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 8.2%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 58.6%.
Median Sold Price Compared To Nearby Counties
| Jefferson County | $77.5K | $135K | +74.2% |
| Pulaski County | $193.2K | $223.6K | +15.7% |
| Lonoke County | $222.5K | $222.4K | 0% |
| White County | $209K | $170.5K | -18.4% |
Housing Supply in Lonoke County, AR
How many homes are available in Lonoke County, AR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 240 | 294 | +22.5% |
Summary: The Lonoke County real estate market had 294 homes for sale in March 2024, a 22.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 126 | 154 | +22.2% |
| 4 Bedrooms | 86 | 110 | +27.9% |
| 5+ Bedrooms | 16 | 17 | +6.3% |
Summary: The Lonoke County 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 8.3%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 27.9%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 55 | 72 | +30.9% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lonoke County, you may be able to get a good deal. 51.5% of homes here sold below asking price last month.
Summary: A total of 72 homes were sold or pending in Lonoke County in March 2024, up by 30.9% month-over-month. Of the 66 sold homes, 52% were sold under asking, 35% were sold at asking, and 14% were sold over asking.
Days on Market for Lonoke County, 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.