Is 72718, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 72718 has remained a Seller's Market.
Housing Prices in 72718, AR
How much do homes in 72718, AR cost?
Median Sold Price
$620,000
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 72718 was $620,000 in May 2024, up 12.7% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $250K | - | N/A |
2 Bedrooms | $297K | $627.5K | +111.3% |
3 Bedrooms | $370K | $415K | +12.2% |
4 Bedrooms | $579.9K | $631.5K | +8.9% |
5+ Bedrooms | $699.2K | $899.9K | +28.7% |
Summary: 72718 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 111.3%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 28.7%.
Housing Supply in 72718, AR
How many homes are available in 72718, AR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
53 | 57 | +7.5% |
Summary: The 72718 real estate market had 57 homes for sale in May 2024, a 7.5% 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 | 2 | 2 | 0.0% |
3 Bedrooms | 12 | 11 | -8.3% |
4 Bedrooms | 30 | 35 | +16.7% |
5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The 72718 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 remained the same, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 21 | +75.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in 72718 in May 2024, up by 75.0% month-over-month. Of the 21 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.
Days on Market for 72718, AR
How long does it take to sell a home in 72718, AR?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
64 Days | 87 Days | +35.5% |
Summary: Homes in 72718 had an average of 87 days on market in May 2024, up by 35.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During May 2024, 21 homes were sold in 72718; 19% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.