Is Pea Ridge, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Pea Ridge has remained a Seller's Market.
Housing Prices in Pea Ridge, AR
How much do homes in Pea Ridge, AR cost?
Median Sold Price
$366,200
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Pea Ridge was $366,200 in March 2024, up 9.2% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $175K | $180K | +2.9% |
3 Bedrooms | $285K | $305K | +7.0% |
4 Bedrooms | $385K | $416.8K | +8.3% |
5+ Bedrooms | $600K | $397K | -33.8% |
Summary: Pea Ridge housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 33.8%.
Housing Supply in Pea Ridge, AR
How many homes are available in Pea Ridge, AR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
147 | 145 | -1.4% |
Summary: The Pea Ridge real estate market had 145 homes for sale in March 2024, a 1.4% decrease 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 | 4 | 7 | +75.0% |
3 Bedrooms | 59 | 57 | -3.4% |
4 Bedrooms | 79 | 77 | -2.5% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Pea Ridge 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 75%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 26 | +4.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Pea Ridge in March 2024, up by 4.0% month-over-month. Of the 26 sold homes, 23% were sold under asking, 65% were sold at asking, and 12% were sold over asking.
Days on Market for Pea Ridge, AR
How long does it take to sell a home in Pea Ridge, AR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
114 Days | 105 Days | -8.0% |
Summary: Homes in Pea Ridge had an average of 105 days on market in Mar 2024, down by 8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During March 2024, 26 homes were sold in Pea Ridge; 4% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.