Is 72632, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 72632 has remained a Buyer's Market.
Key Takeaway
72632 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 72632, AR
How much do homes in 72632, AR cost?
Median Sold Price
$287,500
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 72632 have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in 72632 was $287,500 in May 2024, up 1.8% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | $170K | -17.1% |
| 2 Bedrooms | $249K | $270.7K | +8.7% |
| 3 Bedrooms | $296.2K | $303.7K | +2.5% |
| 4 Bedrooms | $397.9K | $470K | +18.1% |
| 5+ Bedrooms | $1.0M | $750K | -27.2% |
Summary: 72632 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.1%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes decreased by 27.2%.
Housing Supply in 72632, AR
How many homes are available in 72632, AR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 53 | 61 | +15.1% |
Summary: The 72632 real estate market had 61 homes for sale in May 2024, a 15.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 16 | 14 | -12.5% |
| 3 Bedrooms | 14 | 21 | +50.0% |
| 4 Bedrooms | 12 | 14 | +16.7% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The 72632 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 72632, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 72632 in May 2024, down by 12.5% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for 72632, AR
How long does it take to sell a home in 72632, AR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 91 Days | 103 Days | +13.1% |
Summary: Homes in 72632 had an average of 103 days on market in May 2024, up by 13.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 72632 has remained consistent over time.
Summary: During May 2024, 7 homes were sold in 72632; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
Disclaimer: 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 the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright © 2024 Northwest Arkansas Board of Realtors All rights reserved.
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.