Is Prairie Township, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$214,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Prairie Township was $214,000 in May 2024, up 21.6% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $93.9K | - | N/A |
2 Bedrooms | $164.5K | $108K | -34.3% |
3 Bedrooms | $176K | $197K | +11.9% |
4 Bedrooms | $190K | $251.5K | +32.4% |
5+ Bedrooms | $665K | $374.9K | -43.6% |
Summary: Prairie Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 34.3%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 32.4%, and 5+ bedroom homes decreased by 43.6%.
Median Sold Price Compared To Nearby Cities
Berryville | $177K | $220K | +24.3% |
Prairie Township | $176K | $214K | +21.6% |
Housing Supply in Prairie Township, AR
How many homes are available in Prairie Township, AR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
31 | 30 | -3.2% |
Summary: The Prairie Township real estate market had 30 homes for sale in May 2024, a 3.2% decrease 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 | 11 | 8 | -27.3% |
3 Bedrooms | 11 | 14 | +27.3% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Prairie Township 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 decreased by 27.3%, 3 bedroom homes increased by 27.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Prairie Township in May 2024, up by 25.0% 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 Prairie Township, AR
How long does it take to sell a home in Prairie Township, AR?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
155 Days | 98 Days | -36.5% |
Summary: Homes in Prairie Township had an average of 98 days on market in May 2024, down by 36.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Prairie Township; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.