Is 72118, 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, 72118 has remained a Seller's Market.
Key Takeaway
72118 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 72118, AR
How much do homes in 72118, AR cost?
Median Sold Price
$111,500
$92/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in 72118 have sold for 17.4% less than they did a month ago.
Summary: The median home sold price in 72118 was $111,500 in May 2024, down 17.4% from last month, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $87K | $60K | -31.0% |
| 3 Bedrooms | $135K | $159.5K | +18.1% |
| 4 Bedrooms | $205K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 72118 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 decreased by 31%, 3 bedroom homes increased by 18.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 72118, AR
How many homes are available in 72118, AR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 60 | 76 | +26.7% |
Summary: The 72118 real estate market had 76 homes for sale in May 2024, a 26.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 17 | +54.5% |
| 3 Bedrooms | 41 | 46 | +12.2% |
| 4 Bedrooms | 8 | 13 | +62.5% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 72118 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 54.5%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 14 | -44.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 72118, expect to pay close to the asking price. 38.5% of homes here sold near the asking price last month.
Summary: A total of 14 homes were sold or pending in 72118 in May 2024, down by 44.0% month-over-month. Of the 13 sold homes, 31% were sold under asking, 38% were sold at asking, and 31% were sold over asking.
Days on Market for 72118, AR
We’re sorry, we don't have information for this market at the moment
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.