Is 72751, 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, 72751 has remained a Seller's Market.
Housing Prices in 72751, AR
How much do homes in 72751, AR cost?
Median Sold Price
$364,913
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 72751 was $364,913 in May 2024, up 1.4% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $230K | $187.2K | -18.6% |
3 Bedrooms | $310K | $300K | -3.2% |
4 Bedrooms | $400K | $414K | +3.5% |
5+ Bedrooms | $665K | $396.8K | -40.3% |
Summary: 72751 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 18.6%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 40.3%.
Housing Supply in 72751, AR
How many homes are available in 72751, AR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
142 | 136 | -4.2% |
Summary: The 72751 real estate market had 136 homes for sale in May 2024, a 4.2% decrease 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 | 3 | +50.0% |
3 Bedrooms | 53 | 60 | +13.2% |
4 Bedrooms | 80 | 69 | -13.8% |
5+ Bedrooms | 7 | 4 | -42.9% |
Summary: The 72751 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 50%, 3 bedroom homes increased by 13.2%, 4 bedroom homes decreased by 13.8%, and 5+ bedroom homes decreased by 42.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 31 | +19.2% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in 72751 in May 2024, up by 19.2% month-over-month. Of the 31 sold homes, 39% were sold under asking, 42% were sold at asking, and 19% were sold over asking.
Days on Market for 72751, AR
How long does it take to sell a home in 72751, AR?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
97 Days | 125 Days | +28.8% |
Summary: Homes in 72751 had an average of 125 days on market in May 2024, up by 28.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During May 2024, 31 homes were sold in 72751; 16% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 42% of homes were sold over 90 days.