Is Randolph County, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Randolph County is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Randolph County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Randolph County, AR

How much do homes in Randolph County, AR cost?

Median Sold Price

$185,000

$108/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

+$61,000(+49.2%)

Key Takeaway

Homes in Randolph County have sold for 49.2% more than they did a month ago.

Summary: The median home sold price in Randolph County was $185,000 in March 2024, up 49.2% from last month, and the median price per square foot was $108.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 --
N/A
3 $124K$214.9K
+73.3%
4 -$167.5K
N/A
5+ --
N/A

Summary: Randolph County housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 73.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Randolph County
+49.2%
Sharp County
+23.9%
Lawrence County
+3.5%
Greene County
+1.0%

Housing Supply in Randolph County, AR

How many homes are available in Randolph County, AR?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3537+5.7%

Summary: The Randolph County real estate market had 37 homes for sale in March 2024, a 5.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 2120
-4.8%
4 57
+40.0%
5+ 55
0.0%

Summary: The Randolph County 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 25%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
79+28.6%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Randolph County, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Randolph County in March 2024, up by 28.6% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.

Days on Market for Randolph County, AR

How long does it take to sell a home in Randolph County, 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 Randolph County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 9 homes were sold in Randolph County; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 11% 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 26 Days Ago

Newest Listings in Randolph County, AR

Nearby Markets to Randolph County, AR

What housing markets are near Randolph County, AR?