Is Downtown, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Downtown has remained a Neutral Market.
Key Takeaway
Downtown 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 Downtown, AR
How much do homes in Downtown, AR cost?
Median Sold Price
$271,000
$148/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Downtown have sold for 55.3% more than they did a month ago.
Summary: The median home sold price in Downtown was $271,000 in April 2024, up 55.3% from last month, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $245K | $145K | -40.8% |
| 2 Bedrooms | $135K | $387.5K | +187.0% |
| 3 Bedrooms | $380K | $271K | -28.7% |
| 4 Bedrooms | $380K | $205K | -46.1% |
| 5+ Bedrooms | - | $325K | N/A |
Summary: Downtown housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 40.8%, 2 bedroom homes increased by 187%, 3 bedroom homes decreased by 28.7%, 4 bedroom homes decreased by 46.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Downtown | $174.5K | $271K | +55.3% |
| East of Broadway | $199.2K | $205K | +2.9% |
Housing Supply in Downtown, AR
How many homes are available in Downtown, AR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 71 | 72 | +1.4% |
Summary: The Downtown real estate market had 72 homes for sale in April 2024, a 1.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 5 | -28.6% |
| 2 Bedrooms | 27 | 24 | -11.1% |
| 3 Bedrooms | 22 | 25 | +13.6% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Downtown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Downtown, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Downtown in April 2024, the same as the previous month. Of the 11 sold homes, 45% were sold under asking, 36% were sold at asking, and 18% were sold over asking.
Days on Market for Downtown, AR
We’re sorry, we don't have information for this market at the moment
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.