Is Prairie Grove Township, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Prairie Grove Township was a Seller's Market.
Housing Prices in Prairie Grove Township, AR
How much do homes in Prairie Grove Township, AR cost?
Median Sold Price
$284,950
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Prairie Grove Township was $284,950 in March 2024, up 5.5% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $112K | - | N/A |
2 Bedrooms | $188.7K | $197.5K | +4.6% |
3 Bedrooms | $265K | $270K | +1.9% |
4 Bedrooms | $310K | $355K | +14.5% |
5+ Bedrooms | $392.5K | $665K | +69.4% |
Summary: Prairie Grove Township 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 4.6%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 69.4%.
Median Sold Price Compared To Nearby Cities
Prairie Grove | $267K | $284.9K | +6.7% |
Farmington Township | $304K | $322K | +5.9% |
Farmington | $304K | $322K | +5.9% |
Prairie Grove Township | $270K | $284.9K | +5.5% |
Center Township | $341K | $321.2K | -5.8% |
Housing Supply in Prairie Grove Township, AR
How many homes are available in Prairie Grove Township, AR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
65 | 75 | +15.4% |
Summary: The Prairie Grove Township real estate market had 75 homes for sale in March 2024, a 15.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 40 | 48 | +20.0% |
4 Bedrooms | 17 | 17 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Prairie Grove Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 9 | -35.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Prairie Grove Township in March 2024, down by 35.7% month-over-month. Of the 9 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Prairie Grove Township, AR
How long does it take to sell a home in Prairie Grove Township, AR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
77 Days | 162 Days | +109.2% |
Summary: Homes in Prairie Grove Township had an average of 162 days on market in Mar 2024, up by 109.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in Prairie Grove Township; 11% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 78% of homes were sold over 90 days.