Is Mena, 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, Mena has remained a Buyer's Market.
Housing Prices in Mena, AR
How much do homes in Mena, AR cost?
Median Sold Price
$170,000
$122/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Mena was $170,000 in May 2024, down 6.8% from last month, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $199.5K | - | N/A |
2 Bedrooms | $115K | $480K | +317.4% |
3 Bedrooms | $215K | $157.2K | -26.9% |
4 Bedrooms | - | $400K | N/A |
5+ Bedrooms | - | $650K | N/A |
Summary: Mena housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 317.4%, 3 bedroom homes decreased by 26.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Center Township | $143.7K | $173.2K | +20.5% |
Mena | $182.5K | $170K | -6.8% |
Potter Township | $215K | $160K | -25.6% |
Acorn Township | $365K | $170K | -53.4% |
Housing Supply in Mena, AR
How many homes are available in Mena, AR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
116 | 127 | +9.5% |
Summary: The Mena real estate market had 127 homes for sale in May 2024, a 9.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 5 | -16.7% |
2 Bedrooms | 20 | 19 | -5.0% |
3 Bedrooms | 65 | 71 | +9.2% |
4 Bedrooms | 19 | 25 | +31.6% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Mena housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 16 | +14.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Mena in May 2024, up by 14.3% month-over-month. Of the 15 sold homes, 80% were sold under asking, 13% were sold at asking, and 7% were sold over asking.
Days on Market for Mena, AR
We’re sorry, we don't have information for this market at the moment