Is Independence County, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Independence County was a Seller's Market.
Housing Prices in Independence County, AR
How much do homes in Independence County, AR cost?
Median Sold Price
$139,200
$85/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Independence County was $139,200 in April 2024, down 20.5% from last month, and the median price per square foot was $85.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $135K | $115K | -14.8% |
3 Bedrooms | $202.2K | $139.2K | -31.2% |
4 Bedrooms | $254.5K | $263K | +3.3% |
5+ Bedrooms | $175K | - | N/A |
Summary: Independence 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 14.8%, 3 bedroom homes decreased by 31.2%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
Sharp County | $151.5K | $140K | -7.6% |
Cleburne County | $249.5K | $220K | -11.8% |
Independence County | $175K | $139.2K | -20.5% |
Lawrence County | $164.5K | $100K | -39.2% |
Housing Supply in Independence County, AR
How many homes are available in Independence County, AR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
67 | 79 | +17.9% |
Summary: The Independence County real estate market had 79 homes for sale in April 2024, a 17.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 15 | 16 | +6.7% |
3 Bedrooms | 28 | 38 | +35.7% |
4 Bedrooms | 19 | 19 | 0.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Independence County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 35.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 11 | -15.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Independence County in April 2024, down by 15.4% month-over-month. Of the 11 sold homes, 64% were sold under asking, 27% were sold at asking, and 9% were sold over asking.
Days on Market for Independence County, AR
How long does it take to sell a home in Independence County, AR?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Independence County; 0% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.