Is Magness Township, 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, Magness Township was a Buyer's Market.
Key Takeaway
Magness Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Magness Township, AR
How much do homes in Magness Township, AR cost?
Median Sold Price
$375,000
$148/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Magness Township have sold for 16.2% less than they did a month ago.
Summary: The median home sold price in Magness Township was $375,000 in March 2024, down 16.2% from last month, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $214K | N/A |
| 4 Bedrooms | $455K | $385K | -15.4% |
| 5+ Bedrooms | $439.9K | $865K | +96.6% |
Summary: Magness Township 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 did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 96.6%.
Median Sold Price Compared To Nearby Cities
| Magness Township | $447.4K | $375K | -16.2% |
| Austin | $260K | $214.5K | -17.5% |
| Royal Township | $697K | $462K | -33.7% |
Housing Supply in Magness Township, AR
How many homes are available in Magness Township, AR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 38 | 52 | +36.8% |
Summary: The Magness Township real estate market had 52 homes for sale in March 2024, a 36.8% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 10 | 17 | +70.0% |
| 4 Bedrooms | 24 | 31 | +29.2% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Magness Township 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 remained the same, 3 bedroom homes increased by 70%, 4 bedroom homes increased by 29.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 11 | +450.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Magness Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Magness Township in March 2024, up by 450.0% month-over-month. Of the 10 sold homes, 50% were sold under asking, 40% were sold at asking, and 10% were sold over asking.
Days on Market for Magness Township, 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.