Is Sherwood, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Sherwood has remained a Seller's Market.
Key Takeaway
Sherwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sherwood, AR
How much do homes in Sherwood, AR cost?
Median Sold Price
$274,950
$140/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Sherwood have sold for 23.7% more than they did a month ago.
Summary: The median home sold price in Sherwood was $274,950 in April 2024, up 23.7% from last month, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $150K | $139.9K | -6.7% |
| 3 Bedrooms | $192K | $220K | +14.6% |
| 4 Bedrooms | $325K | $337.5K | +3.8% |
| 5+ Bedrooms | - | $502.4K | N/A |
Summary: Sherwood 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 6.7%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Jacksonville | $130K | $162.5K | +25.0% |
| Sherwood | $222.2K | $274.9K | +23.7% |
| Hill Township | $192K | $199.5K | +3.9% |
| North Little Rock | $183K | $176K | -3.8% |
Housing Supply in Sherwood, AR
How many homes are available in Sherwood, AR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 155 | 158 | +1.9% |
Summary: The Sherwood real estate market had 158 homes for sale in April 2024, a 1.9% 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 | 5 | 4 | -20.0% |
| 3 Bedrooms | 92 | 95 | +3.3% |
| 4 Bedrooms | 50 | 51 | +2.0% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Sherwood 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 decreased by 20%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 48 | 44 | -8.3% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sherwood, you may be able to get a good deal. 47.7% of homes here sold below asking price last month.
Summary: A total of 44 homes were sold or pending in Sherwood in April 2024, down by 8.3% month-over-month. Of the 44 sold homes, 48% were sold under asking, 30% were sold at asking, and 23% were sold over asking.
Days on Market for Sherwood, AR
We’re sorry, we don't have information for this market at the moment
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sherwood are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 44 homes were sold in Sherwood; 2% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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.