Is 72714, 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, 72714 has remained a Seller's Market.
Housing Prices in 72714, AR
How much do homes in 72714, AR cost?
Median Sold Price
$351,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 72714 was $351,000 in April 2024, up 3.2% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $259K | N/A |
2 Bedrooms | $236.7K | $269.9K | +14.0% |
3 Bedrooms | $325K | $350K | +7.7% |
4 Bedrooms | $428.3K | $425.2K | -0.7% |
5+ Bedrooms | $500K | $504.9K | +1.0% |
Summary: 72714 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 1%.
Housing Supply in 72714, AR
How many homes are available in 72714, AR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
181 | 174 | -3.9% |
Summary: The 72714 real estate market had 174 homes for sale in April 2024, a 3.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 30 | 30 | 0.0% |
3 Bedrooms | 110 | 109 | -0.9% |
4 Bedrooms | 37 | 33 | -10.8% |
5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The 72714 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 remained the same, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
46 | 40 | -13.0% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in 72714 in April 2024, down by 13.0% month-over-month. Of the 40 sold homes, 53% were sold under asking, 23% were sold at asking, and 25% were sold over asking.
Days on Market for 72714, AR
How long does it take to sell a home in 72714, AR?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
62 Days | 80 Days | +28.7% |
Summary: Homes in 72714 had an average of 80 days on market in Apr 2024, up by 28.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During April 2024, 40 homes were sold in 72714; 15% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.