Is West Fork Township, 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, West Fork Township has remained a Seller's Market.
Key Takeaway
West Fork Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Fork Township, AR
How much do homes in West Fork Township, AR cost?
Median Sold Price
$230,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in West Fork Township have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in West Fork Township was $230,000 in March 2024, down 1.1% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $172.4K | -23.4% |
| 2 Bedrooms | $177.5K | $182.5K | +2.8% |
| 3 Bedrooms | $220K | $242.4K | +10.2% |
| 4 Bedrooms | $327K | $305K | -6.7% |
| 5+ Bedrooms | $397.5K | - | N/A |
Summary: West Fork Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.4%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 10.2%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Greenland Township | $265K | $347.5K | +31.1% |
| West Fork | $222.5K | $230K | +3.4% |
| West Fork Township | $232.5K | $230K | -1.1% |
Housing Supply in West Fork Township, AR
How many homes are available in West Fork Township, AR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 19 | +26.7% |
Summary: The West Fork Township real estate market had 19 homes for sale in March 2024, a 26.7% 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 | 5 | 6 | +20.0% |
| 3 Bedrooms | 8 | 11 | +37.5% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The West Fork 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 increased by 20%, 3 bedroom homes increased by 37.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Fork Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in West Fork Township in March 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for West Fork Township, AR
How long does it take to sell a home in West Fork Township, AR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 100 Days | 130 Days | +29.8% |
Summary: Homes in West Fork Township had an average of 130 days on market in Mar 2024, up by 29.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in West Fork Township has remained consistent over time.
Summary: During March 2024, 4 homes were sold in West Fork Township; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Cooperative Arkansas REALTORS® Multiple Listing Services, Inc. Real estate listings, held by brokerage firms other than this broker, are marked with the Broker Reciprocity℠ logo and information about them includes the name of the listing brokers. The IDX information is provided exclusively for consumers’ personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Cooperative Arkansas Realtors MLS. All Rights Reserved.