Is Washington County, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Washington County has remained a Seller's Market.
Housing Prices in Washington County, AR
How much do homes in Washington County, AR cost?
Median Sold Price
$338,985
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Washington County was $338,985 in April 2024, up 6% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $162.5K | $229.9K | +41.5% |
2 Bedrooms | $210.5K | $230.8K | +9.7% |
3 Bedrooms | $288.5K | $304.4K | +5.5% |
4 Bedrooms | $429.5K | $450K | +4.8% |
5+ Bedrooms | $590K | $700K | +18.6% |
Summary: Washington County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.5%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 18.6%.
Median Sold Price Compared To Nearby Counties
Washington County | $319.6K | $338.9K | +6.0% |
Benton County | $349.9K | $364.4K | +4.1% |
Madison County | $250K | $212.5K | -15.0% |
Housing Supply in Washington County, AR
How many homes are available in Washington County, AR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,008 | 1,041 | +3.3% |
Summary: The Washington County real estate market had 1,041 homes for sale in April 2024, a 3.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 14 | 0.0% |
2 Bedrooms | 82 | 91 | +11.0% |
3 Bedrooms | 504 | 497 | -1.4% |
4 Bedrooms | 343 | 365 | +6.4% |
5+ Bedrooms | 65 | 74 | +13.8% |
Summary: The Washington County 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 increased by 11%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 13.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
241 | 254 | +5.4% |
Asking Price vs. Sold Price
121 Homes Were Sold
Under Asking
98 Homes Were Sold
At Asking
35 Homes Were Sold
Over Asking
Summary: A total of 254 homes were sold or pending in Washington County in April 2024, up by 5.4% month-over-month. Of the 254 sold homes, 48% were sold under asking, 39% were sold at asking, and 14% were sold over asking.
Days on Market for Washington County, AR
How long does it take to sell a home in Washington County, AR?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
87 Days | 82 Days | -5.7% |
Summary: Homes in Washington County had an average of 82 days on market in Apr 2024, down by 5.7% compared to last year.
Breakdown of Home Sale Times
50 Homes Were Sold
Under 30 Days
129 Homes Were Sold
In 30 - 90 Days
72 Homes Were Sold
Over 90 Days
Summary: During April 2024, 254 homes were sold in Washington County; 20% of homes were sold within 30 days, 51% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.