Is 72719, 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, 72719 has remained a Seller's Market.
Key Takeaway
72719 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 72719, AR
How much do homes in 72719, AR cost?
Median Sold Price
$360,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 72719 have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in 72719 was $360,000 in May 2024, up 10.7% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $179.4K | $229.2K | +27.8% |
| 3 Bedrooms | $291.4K | $299.9K | +2.9% |
| 4 Bedrooms | $379.8K | $449.5K | +18.3% |
| 5+ Bedrooms | $535K | $605.9K | +13.3% |
Summary: 72719 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 27.8%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 18.3%, and 5+ bedroom homes increased by 13.3%.
Housing Supply in 72719, AR
How many homes are available in 72719, AR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 125 | 126 | +0.8% |
Summary: The 72719 real estate market had 126 homes for sale in May 2024, a 0.8% 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 | 1 | -50.0% |
| 3 Bedrooms | 39 | 40 | +2.6% |
| 4 Bedrooms | 68 | 72 | +5.9% |
| 5+ Bedrooms | 16 | 13 | -18.8% |
Summary: The 72719 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 decreased by 50%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 18.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 25 | 0.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 72719, expect to pay close to the asking price. 48% of homes here sold near the asking price last month.
Summary: A total of 25 homes were sold or pending in 72719 in May 2024, the same as the previous month. Of the 25 sold homes, 36% were sold under asking, 48% were sold at asking, and 16% were sold over asking.
Days on Market for 72719, AR
How long does it take to sell a home in 72719, AR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 113 Days | 148 Days | +30.4% |
Summary: Homes in 72719 had an average of 148 days on market in May 2024, up by 30.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 72719 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 25 homes were sold in 72719; 0% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
Disclaimer: 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 the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright © 2024 Northwest Arkansas Board of Realtors All rights reserved.