Is Mena, 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, Mena was a Buyer's Market.
Key Takeaway
Mena is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Mena, AR
How much do homes in Mena, AR cost?
Median Sold Price
$137,000
$108/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Mena have sold for 21.2% less than they did a month ago.
Summary: The median home sold price in Mena was $137,000 in March 2024, down 21.2% from last month, and the median price per square foot was $108.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $109.9K | $145K | +31.9% |
| 2 Bedrooms | $128K | $90K | -29.7% |
| 3 Bedrooms | $200K | $153.5K | -23.3% |
| 4 Bedrooms | $480K | $125K | -74.0% |
| 5+ Bedrooms | - | $260K | N/A |
Summary: Mena housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes increased by 31.9%, 2 bedroom homes decreased by 29.7%, 3 bedroom homes decreased by 23.3%, 4 bedroom homes decreased by 74%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Potter Township | $148K | $145K | -2.0% |
| Center Township | $128K | $124.9K | -2.4% |
| Mena | $173.9K | $137K | -21.2% |
Housing Supply in Mena, AR
How many homes are available in Mena, AR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 115 | 124 | +7.8% |
Summary: The Mena real estate market had 124 homes for sale in March 2024, a 7.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 8 | 0.0% |
| 2 Bedrooms | 29 | 30 | +3.4% |
| 3 Bedrooms | 51 | 59 | +15.7% |
| 4 Bedrooms | 21 | 20 | -4.8% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Mena 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 3.4%, 3 bedroom homes increased by 15.7%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 19 | +137.5% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mena, you may be able to get a good deal. 78.9% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Mena in March 2024, up by 137.5% month-over-month. Of the 19 sold homes, 79% were sold under asking, 16% were sold at asking, and 5% were sold over asking.
Days on Market for Mena, 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.