Is 72734, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, 72734 was a Seller's Market.
Key Takeaway
72734 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 72734, AR
How much do homes in 72734, AR cost?
Median Sold Price
$275,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 72734 have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in 72734 was $275,000 in May 2024, up 5.8% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $201K | $200K | -0.5% |
| 3 Bedrooms | $246K | $249.9K | +1.6% |
| 4 Bedrooms | $270.1K | $299.8K | +11.0% |
| 5+ Bedrooms | $422.8K | $489K | +15.7% |
Summary: 72734 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 decreased by 0.5%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 15.7%.
Housing Supply in 72734, AR
How many homes are available in 72734, AR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 72 | 73 | +1.4% |
Summary: The 72734 real estate market had 73 homes for sale in May 2024, a 1.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 38 | 38 | 0.0% |
| 4 Bedrooms | 26 | 28 | +7.7% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 72734 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 remained the same, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 72734, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in 72734 in May 2024, down by 15.4% month-over-month. Of the 11 sold homes, 18% were sold under asking, 45% were sold at asking, and 36% were sold over asking.
Days on Market for 72734, AR
How long does it take to sell a home in 72734, AR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 89 Days | 144 Days | +61.1% |
Summary: Homes in 72734 had an average of 144 days on market in May 2024, up by 61.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 72734 has remained consistent over time.
Summary: During May 2024, 11 homes were sold in 72734; 9% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 45% 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.