Is Berryville, 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, Berryville was a Seller's Market.
Key Takeaway
Berryville 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 Berryville, AR
How much do homes in Berryville, AR cost?
Median Sold Price
$220,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Berryville have sold for 24.3% more than they did a year ago.
Summary: The median home sold price in Berryville was $220,000 in May 2024, up 24.3% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $93.9K | $315K | +235.2% |
| 2 Bedrooms | $180K | $146.5K | -18.6% |
| 3 Bedrooms | $177K | $200K | +13.0% |
| 4 Bedrooms | $190K | $254K | +33.7% |
| 5+ Bedrooms | $665K | $374.9K | -43.6% |
Summary: Berryville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 235.2%, 2 bedroom homes decreased by 18.6%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 33.7%, and 5+ bedroom homes decreased by 43.6%.
Median Sold Price Compared To Nearby Cities
| Berryville | $177K | $220K | +24.3% |
| Prairie Township | $176K | $214K | +21.6% |
Housing Supply in Berryville, AR
How many homes are available in Berryville, AR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 44 | 42 | -4.5% |
Summary: The Berryville real estate market had 42 homes for sale in May 2024, a 4.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 13 | 10 | -23.1% |
| 3 Bedrooms | 16 | 18 | +12.5% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Berryville 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 23.1%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Berryville, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Berryville in May 2024, up by 75.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Berryville, AR
How long does it take to sell a home in Berryville, AR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 142 Days | 104 Days | -26.6% |
Summary: Homes in Berryville had an average of 104 days on market in May 2024, down by 26.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Berryville are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 7 homes were sold in Berryville; 14% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 71% 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.
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.