Is Prairie Grove Township, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Prairie Grove Township is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Prairie Grove Township has remained a Seller's Market.

Key Takeaway

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

How much do homes in Prairie Grove Township, AR cost?

Median Sold Price

$257,500

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$46,805(+22.2%)

Key Takeaway

Homes in Prairie Grove Township have sold for 22.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 --
N/A
2 $130K$178K
+36.9%
3 $205K$250.5K
+22.2%
4 $262.8K$282.5K
+7.5%
5+ $390K$300K
-23.1%

Median Sold Price Compared To Nearby Cities

Center Township
+33.2%
Prairie Grove Township
+22.2%
Prairie Grove
+21.4%
Farmington Township
+17.7%
Farmington
+17.7%

How many homes are available in Prairie Grove Township, AR?

Number of Homes For Sale

Aug 2022Sep 2022%
7148-32.4%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 11
0.0%
2 42
-50.0%
3 4630
-34.8%
4 1712
-29.4%
5+ 33
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
2713-51.9%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Prairie Grove Township, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
46 Days59 Days+28.8%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Prairie Grove Township has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Prairie Grove Township, AR

Number of homes for sale in Prairie Grove Township, AR real estate market have reached 48. The number of homes for sale in Prairie Grove Township, AR decreased by 32.4% between August 2022 and September 2022. While the average time on the market in September 2022 was 59 days, the median list price was $257,500. Listing prices have changed in this real estate market between August 2022 and September 2022: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 36.9%, 3 bedrooms properties prices increased by 22.2%, 4 bedrooms properties became 7.5% more expensive, the cost of 5 bedrooms properties went down by 23.1%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory did not change, 2 bedrooms homes inventory decreased by 50%, volume of 3 bedrooms homes went down by 34.8%, 4 bedrooms homes became 29.4% less available, volume of 5 bedrooms homes stayed the same. In September 2022 more than 3 listings in Prairie Grove Township, AR were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 6 were sold below.