Is Paragould, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Paragould is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Paragould was a Neutral Market.

Key Takeaway

Paragould is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Paragould, AR

How much do homes in Paragould, AR cost?

Median Sold Price

$185,000

$105/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

+$26,100(+16.4%)

Key Takeaway

Homes in Paragould have sold for 16.4% more than they did a month ago.

Summary: The median home sold price in Paragould was $185,000 in February 2024, up 16.4% from last month, and the median price per square foot was $105.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 $65K$63K
-3.1%
3 $158.9K$185K
+16.4%
4 $284.9K$212.9K
-25.3%
5+ $270K$271K
0.4%

Summary: Paragould 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 decreased by 3.1%, 3 bedroom homes increased by 16.4%, 4 bedroom homes decreased by 25.3%, and 5+ bedroom homes increased by 0.4%.

Median Sold Price Compared To Nearby Cities

Paragould
+16.4%
Spring Grove Township
-10.7%
Clark Township
-17.0%

Housing Supply in Paragould, AR

How many homes are available in Paragould, AR?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
114137+20.2%

Summary: The Paragould real estate market had 137 homes for sale in February 2024, a 20.2% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 1313
0.0%
3 7690
+18.4%
4 1827
+50.0%
5+ 77
0.0%

Summary: The Paragould housing inventory by bedroom type for February 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 18.4%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1924+26.3%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Paragould, you may be able to get a good deal. 56.5% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in Paragould in February 2024, up by 26.3% month-over-month. Of the 23 sold homes, 57% were sold under asking, 26% were sold at asking, and 17% were sold over asking.

Days on Market for Paragould, AR

How long does it take to sell a home in Paragould, AR?

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Paragould are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 24 homes were sold in Paragould; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 4% 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 28 Days Ago

Newest Listings in Paragould, AR

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