Is Faulkner County, 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, Faulkner County has remained a Seller's Market.
Housing Prices in Faulkner County, AR
How much do homes in Faulkner County, AR cost?
Median Sold Price
$272,200
$158/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Faulkner County was $272,200 in April 2024, down 5.7% from last month, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $101.5K | - | N/A |
2 Bedrooms | $260K | $167K | -35.8% |
3 Bedrooms | $245K | $224K | -8.6% |
4 Bedrooms | $404.5K | $400K | -1.1% |
5+ Bedrooms | $621K | $615K | -1.0% |
Summary: Faulkner County housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 35.8%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 1%.
Median Sold Price Compared To Nearby Counties
Perry County | $135K | $159.9K | +18.5% |
Pulaski County | $216.8K | $235K | +8.4% |
Lonoke County | $223K | $220.9K | -0.9% |
Faulkner County | $288.7K | $272.2K | -5.7% |
Conway County | $179.9K | $167.9K | -6.6% |
Housing Supply in Faulkner County, AR
How many homes are available in Faulkner County, AR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
419 | 433 | +3.3% |
Summary: The Faulkner County real estate market had 433 homes for sale in April 2024, a 3.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 1 | -66.7% |
2 Bedrooms | 24 | 24 | 0.0% |
3 Bedrooms | 201 | 211 | +5.0% |
4 Bedrooms | 167 | 164 | -1.8% |
5+ Bedrooms | 24 | 33 | +37.5% |
Summary: The Faulkner County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes remained the same, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
104 | 120 | +15.4% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
54 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 120 homes were sold or pending in Faulkner County in April 2024, up by 15.4% month-over-month. Of the 113 sold homes, 35% were sold under asking, 48% were sold at asking, and 17% were sold over asking.
Days on Market for Faulkner County, AR
We’re sorry, we don't have information for this market at the moment