Is Mountain Home, 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, Mountain Home has remained a Seller's Market.
Key Takeaway
Mountain Home is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mountain Home, AR
How much do homes in Mountain Home, AR cost?
Median Sold Price
$210,500
$140/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Mountain Home have sold for 6.4% less than they did a month ago.
Summary: The median home sold price in Mountain Home was $210,500 in May 2024, down 6.4% from last month, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $390K | $209.9K | -46.2% |
| 3 Bedrooms | $224.9K | $169K | -24.9% |
| 4 Bedrooms | - | $475K | N/A |
| 5+ Bedrooms | $155K | - | N/A |
Summary: Mountain Home 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 decreased by 46.2%, 3 bedroom homes decreased by 24.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Mountain Home | $224.9K | $210.5K | -6.4% |
| Mountain Home Township | $224.9K | $210.5K | -6.4% |
| Whiteville Township | $324.9K | $169K | -48.0% |
Housing Supply in Mountain Home, AR
How many homes are available in Mountain Home, AR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 44 | 42 | -4.5% |
Summary: The Mountain Home real estate market had 42 homes for sale in May 2024, a 4.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 15 | +7.1% |
| 3 Bedrooms | 23 | 19 | -17.4% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Mountain Home housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.1%, 3 bedroom homes decreased by 17.4%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mountain Home, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Mountain Home in May 2024, down by 16.7% month-over-month. Of the 10 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Mountain Home, AR
How long does it take to sell a home in Mountain Home, AR?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 49 Days | 147 Days | +201.0% |
Summary: Homes in Mountain Home had an average of 147 days on market in May 2024, up by 201% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mountain Home are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Mountain Home; 10% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 10% 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.