Is 72714, 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, 72714 has remained a Seller's Market.
Housing Prices in 72714, AR
How much do homes in 72714, AR cost?
Median Sold Price
$350,400
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 72714 was $350,400 in May 2024, up 2.5% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $259K | N/A |
2 Bedrooms | $238K | $269.9K | +13.4% |
3 Bedrooms | $325K | $350K | +7.7% |
4 Bedrooms | $429K | $434K | +1.2% |
5+ Bedrooms | $500K | $510K | +2.0% |
Summary: 72714 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 increased by 13.4%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 2%.
Housing Supply in 72714, AR
How many homes are available in 72714, AR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
180 | 180 | 0.0% |
Summary: The 72714 real estate market had 180 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 33 | 35 | +6.1% |
3 Bedrooms | 108 | 109 | +0.9% |
4 Bedrooms | 36 | 30 | -16.7% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 72714 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
43 | 42 | -2.3% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in 72714 in May 2024, down by 2.3% month-over-month. Of the 42 sold homes, 40% were sold under asking, 38% were sold at asking, and 21% were sold over asking.
Days on Market for 72714, AR
How long does it take to sell a home in 72714, AR?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
73 Days | 75 Days | +3.1% |
Summary: Homes in 72714 had an average of 75 days on market in May 2024, up by 3.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During May 2024, 42 homes were sold in 72714; 7% of homes were sold within 30 days, 69% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.