Is 72019, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 72019 has remained a Seller's Market.
Key Takeaway
72019 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 72019, AR
How much do homes in 72019, AR cost?
Median Sold Price
$319,900
$165/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in 72019 have sold for 3.8% less than they did a month ago.
Summary: The median home sold price in 72019 was $319,900 in May 2024, down 3.8% from last month, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $50K | - | N/A |
| 2 Bedrooms | $140.5K | $163.2K | +16.2% |
| 3 Bedrooms | $210K | $265K | +26.2% |
| 4 Bedrooms | $457.2K | $419.9K | -8.1% |
| 5+ Bedrooms | $642K | $495K | -22.9% |
Summary: 72019 housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.2%, 3 bedroom homes increased by 26.2%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes decreased by 22.9%.
Housing Supply in 72019, AR
How many homes are available in 72019, AR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 144 | 147 | +2.1% |
Summary: The 72019 real estate market had 147 homes for sale in May 2024, a 2.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 54 | 52 | -3.7% |
| 4 Bedrooms | 63 | 71 | +12.7% |
| 5+ Bedrooms | 20 | 18 | -10.0% |
Summary: The 72019 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 36 | 43 | +19.4% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 72019, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.
Summary: A total of 43 homes were sold or pending in 72019 in May 2024, up by 19.4% month-over-month. Of the 39 sold homes, 38% were sold under asking, 38% were sold at asking, and 23% were sold over asking.
Days on Market for 72019, AR
How long does it take to sell a home in 72019, AR?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 107 Days | 156 Days | +45.8% |
Summary: Homes in 72019 had an average of 156 days on market in May 2024, up by 45.8% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 72019 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 43 homes were sold in 72019; 0% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 12% 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.