Is 72732, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 72732 is a buyer's market

Buyer's
Market

Difference Since May 2023

Since last year, 72732 has remained a Buyer's Market.

Key Takeaway

72732 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 72732, AR

How much do homes in 72732, AR cost?

Median Sold Price

$474,000

$273/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$85,000(+21.9%)

Key Takeaway

Homes in 72732 have sold for 21.9% more than they did a year ago.

Summary: The median home sold price in 72732 was $474,000 in May 2024, up 21.9% from last year, and the median price per square foot was $273.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $195K$187.5K
-3.8%
2 $182K$332.5K
+82.7%
3 $387K$457.5K
+18.2%
4 $612.5K$792.5K
+29.4%
5+ $1.1M$1.8M
+67.0%

Summary: 72732 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.8%, 2 bedroom homes increased by 82.7%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes increased by 67%.

Median Sold Price Compared To Nearby Zip Codes

72732
+21.9%
72631
+11.6%
72756
+4.4%
72751
+1.4%

Housing Supply in 72732, AR

How many homes are available in 72732, AR?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4547+4.4%

Summary: The 72732 real estate market had 47 homes for sale in May 2024, a 4.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 62
-66.7%
3 1922
+15.8%
4 1519
+26.7%
5+ 43
-25.0%

Summary: The 72732 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 66.7%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Apr 2024May 2024CHANGE
56+20.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 72732, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 72732 in May 2024, up by 20.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 72732, AR

How long does it take to sell a home in 72732, AR?

Average Sale Time

May 2023May 2024CHANGE
139 Days94 Days-31.9%

Summary: Homes in 72732 had an average of 94 days on market in May 2024, down by 31.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 72732 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During May 2024, 6 homes were sold in 72732; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in 72732, AR

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