Is Morrilton, 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, Morrilton was a Seller's Market.
Key Takeaway
Morrilton 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 Morrilton, AR
How much do homes in Morrilton, AR cost?
Median Sold Price
$201,000
$116/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Morrilton have sold for 25.7% more than they did a month ago.
Summary: The median home sold price in Morrilton was $201,000 in May 2024, up 25.7% from last month, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $150.1K | $42.5K | -71.7% |
| 3 Bedrooms | $150K | $201K | +34.0% |
| 4 Bedrooms | $242.9K | $295K | +21.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: Morrilton housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 71.7%, 3 bedroom homes increased by 34%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Morrilton | $159.9K | $201K | +25.7% |
| Welborn Township | $159.9K | $201K | +25.7% |
Housing Supply in Morrilton, AR
How many homes are available in Morrilton, AR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 39 | 41 | +5.1% |
Summary: The Morrilton real estate market had 41 homes for sale in May 2024, a 5.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 20 | 21 | +5.0% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Morrilton 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 14.3%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
3 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 Morrilton, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Morrilton in May 2024, down by 14.3% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Morrilton, 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.