Is 72745, 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, 72745 has remained a Seller's Market.
Key Takeaway
72745 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 72745, AR
How much do homes in 72745, AR cost?
Median Sold Price
$343,500
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 72745 have sold for 9% more than they did a year ago.
Summary: The median home sold price in 72745 was $343,500 in May 2024, up 9% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $119.9K | $330K | +175.2% |
| 2 Bedrooms | $205.7K | $166.5K | -19.1% |
| 3 Bedrooms | $293.5K | $306.3K | +4.3% |
| 4 Bedrooms | $391K | $388.5K | -0.6% |
| 5+ Bedrooms | $700K | $937.5K | +33.9% |
Summary: 72745 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 175.2%, 2 bedroom homes decreased by 19.1%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 33.9%.
Housing Supply in 72745, AR
How many homes are available in 72745, AR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 41 | 36 | -12.2% |
Summary: The 72745 real estate market had 36 homes for sale in May 2024, a 12.2% decrease 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 25 | 23 | -8.0% |
| 4 Bedrooms | 12 | 8 | -33.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 72745 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 increased by 100%, 3 bedroom homes decreased by 8%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 12 | -29.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 72745, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in 72745 in May 2024, down by 29.4% month-over-month. Of the 12 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for 72745, AR
How long does it take to sell a home in 72745, AR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 52 Days | 60 Days | +16.4% |
Summary: Homes in 72745 had an average of 60 days on market in May 2024, up by 16.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 72745 has remained consistent over time.
Summary: During May 2024, 12 homes were sold in 72745; 25% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Cooperative Arkansas REALTORS® Multiple Listing Services, Inc. Real estate listings, held by brokerage firms other than this broker, are marked with the Broker Reciprocity℠ logo and information about them includes the name of the listing brokers. The 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 data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Cooperative Arkansas Realtors MLS. All Rights Reserved.