Is Searcy 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, Searcy County was a Buyer's Market.
Key Takeaway
Searcy County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Searcy County, AR
How much do homes in Searcy County, AR cost?
Median Sold Price
$79,500
$69/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Searcy County have sold for 20.5% less than they did a month ago.
Summary: The median home sold price in Searcy County was $79,500 in April 2024, down 20.5% from last month, and the median price per square foot was $69.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $152K | +1.3% |
| 2 Bedrooms | $70K | $40K | -42.9% |
| 3 Bedrooms | $100K | $79.5K | -20.5% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Searcy County housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes increased by 1.3%, 2 bedroom homes decreased by 42.9%, 3 bedroom homes decreased by 20.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Marion County | $185K | $259.2K | +40.1% |
| Baxter County | $259.9K | $269.9K | +3.9% |
| Searcy County | $100K | $79.5K | -20.5% |
| Newton County | $368.7K | $236.5K | -35.9% |
Housing Supply in Searcy County, AR
How many homes are available in Searcy County, AR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 41 | 36 | -12.2% |
Summary: The Searcy County real estate market had 36 homes for sale in April 2024, a 12.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 5 | -28.6% |
| 2 Bedrooms | 11 | 9 | -18.2% |
| 3 Bedrooms | 16 | 13 | -18.8% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Searcy County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes decreased by 18.8%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Searcy County, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Searcy County in April 2024, up by 16.7% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.
Days on Market for Searcy County, AR
How long does it take to sell a home in Searcy County, AR?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 109 Days | 215 Days | +97.2% |
Summary: Homes in Searcy County had an average of 215 days on market in Apr 2024, up by 97.2% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Searcy County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 7 homes were sold in Searcy County; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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.