Is 72712, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 72712 has remained a Seller's Market.
Housing Prices in 72712, AR
How much do homes in 72712, AR cost?
Median Sold Price
$472,012
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 72712 was $472,012 in April 2024, up 7% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $430K | $420K | -2.3% |
2 Bedrooms | $367.2K | $599.9K | +63.4% |
3 Bedrooms | $337.5K | $350.5K | +3.9% |
4 Bedrooms | $507.5K | $520K | +2.5% |
5+ Bedrooms | $772.5K | $727.5K | -5.8% |
Summary: 72712 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.3%, 2 bedroom homes increased by 63.4%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 5.8%.
Housing Supply in 72712, AR
How many homes are available in 72712, AR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
349 | 387 | +10.9% |
Summary: The 72712 real estate market had 387 homes for sale in April 2024, a 10.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 23 | 27 | +17.4% |
3 Bedrooms | 119 | 146 | +22.7% |
4 Bedrooms | 162 | 169 | +4.3% |
5+ Bedrooms | 41 | 41 | 0.0% |
Summary: The 72712 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 22.7%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
67 | 88 | +31.3% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 88 homes were sold or pending in 72712 in April 2024, up by 31.3% month-over-month. Of the 87 sold homes, 53% were sold under asking, 29% were sold at asking, and 18% were sold over asking.
Days on Market for 72712, AR
How long does it take to sell a home in 72712, AR?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
108 Days | 78 Days | -27.7% |
Summary: Homes in 72712 had an average of 78 days on market in Apr 2024, down by 27.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
51 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Summary: During April 2024, 88 homes were sold in 72712; 10% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.