Is Prairie 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 Township was a Seller's Market.
Housing Prices in Prairie Township, AR
How much do homes in Prairie Township, AR cost?
Median Sold Price
$643,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Prairie Township was $643,000 in March 2024, up 7.2% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $227K | $263.5K | +16.1% |
3 Bedrooms | $368.2K | $415K | +12.7% |
4 Bedrooms | $600K | $690K | +15.0% |
5+ Bedrooms | $963K | $890K | -7.6% |
Summary: Prairie 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 16.1%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 15%, and 5+ bedroom homes decreased by 7.6%.
Median Sold Price Compared To Nearby Cities
Prairie Township | $599.9K | $643K | +7.2% |
Fayetteville Township | $357.2K | $372.8K | +4.4% |
Fayetteville | $357.6K | $372.8K | +4.2% |
Housing Supply in Prairie Township, AR
How many homes are available in Prairie Township, AR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 26 | +13.0% |
Summary: The Prairie Township real estate market had 26 homes for sale in March 2024, a 13.0% increase 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 | 1 | 0 | -100.0% |
3 Bedrooms | 6 | 7 | +16.7% |
4 Bedrooms | 13 | 15 | +15.4% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Prairie Township 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 decreased by 100%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Prairie Township in March 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Prairie Township, AR
How long does it take to sell a home in Prairie Township, AR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
79 Days | 51 Days | -35.6% |
Summary: Homes in Prairie Township had an average of 51 days on market in Mar 2024, down by 35.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Prairie Township; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.