Is 72715, 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, 72715 has remained a Seller's Market.
Housing Prices in 72715, AR
How much do homes in 72715, AR cost?
Median Sold Price
$334,960
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 72715 was $334,960 in April 2024, up 2.2% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | $173.5K | -13.3% |
2 Bedrooms | $252.5K | $292.7K | +15.9% |
3 Bedrooms | $343.1K | $340.8K | -0.7% |
4 Bedrooms | $460.4K | $465K | +1.0% |
5+ Bedrooms | $474.4K | $463K | -2.4% |
Summary: 72715 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.3%, 2 bedroom homes increased by 15.9%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 2.4%.
Housing Supply in 72715, AR
How many homes are available in 72715, AR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
322 | 327 | +1.6% |
Summary: The 72715 real estate market had 327 homes for sale in April 2024, a 1.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 85 | 87 | +2.4% |
3 Bedrooms | 190 | 187 | -1.6% |
4 Bedrooms | 42 | 46 | +9.5% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 72715 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 2.4%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
69 | 91 | +31.9% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
34 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 91 homes were sold or pending in 72715 in April 2024, up by 31.9% month-over-month. Of the 91 sold homes, 44% were sold under asking, 37% were sold at asking, and 19% were sold over asking.
Days on Market for 72715, AR
How long does it take to sell a home in 72715, AR?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
70 Days | 81 Days | +15.2% |
Summary: Homes in 72715 had an average of 81 days on market in Apr 2024, up by 15.2% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
50 Homes Were Sold
In 30 - 90 Days
28 Homes Were Sold
Over 90 Days
Summary: During April 2024, 91 homes were sold in 72715; 13% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.