Is Prairie Township, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Prairie Township was a Seller's Market.
Housing Prices in Prairie Township, AR
How much do homes in Prairie Township, AR cost?
Median Sold Price
$680,000
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Prairie Township was $680,000 in April 2024, up 13.8% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $227K | $263.5K | +16.1% |
3 Bedrooms | $368.2K | $444.9K | +20.8% |
4 Bedrooms | $599.9K | $725K | +20.8% |
5+ Bedrooms | $991.5K | $900K | -9.2% |
Summary: Prairie Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.1%, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes decreased by 9.2%.
Median Sold Price Compared To Nearby Cities
Prairie Township | $597.4K | $680K | +13.8% |
Fayetteville Township | $357.1K | $372.2K | +4.2% |
Fayetteville | $357.4K | $372K | +4.1% |
Housing Supply in Prairie Township, AR
How many homes are available in Prairie Township, AR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 29 | +11.5% |
Summary: The Prairie Township real estate market had 29 homes for sale in April 2024, a 11.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 8 | 7 | -12.5% |
4 Bedrooms | 14 | 13 | -7.1% |
5+ Bedrooms | 4 | 8 | +100.0% |
Summary: The Prairie Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Prairie Township in April 2024, the same as the previous month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Prairie Township, AR
How long does it take to sell a home in Prairie Township, AR?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
52 Days | 42 Days | -18.3% |
Summary: Homes in Prairie Township had an average of 42 days on market in Apr 2024, down by 18.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Prairie Township; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.