Is 72631, 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, 72631 has remained a Seller's Market.
Housing Prices in 72631, AR
How much do homes in 72631, AR cost?
Median Sold Price
$307,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 72631 was $307,000 in May 2024, up 11.6% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $86K | $145.2K | +68.9% |
2 Bedrooms | $180K | $238K | +32.2% |
3 Bedrooms | $295K | $307.5K | +4.2% |
4 Bedrooms | $318K | $392.5K | +23.4% |
5+ Bedrooms | $975K | $535K | -45.1% |
Summary: 72631 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 68.9%, 2 bedroom homes increased by 32.2%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 23.4%, and 5+ bedroom homes decreased by 45.1%.
Housing Supply in 72631, AR
How many homes are available in 72631, AR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
65 | 64 | -1.5% |
Summary: The 72631 real estate market had 64 homes for sale in May 2024, a 1.5% 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 | 18 | 14 | -22.2% |
3 Bedrooms | 28 | 30 | +7.1% |
4 Bedrooms | 16 | 16 | 0.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 72631 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 decreased by 22.2%, 3 bedroom homes increased by 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 16 | +33.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 72631 in May 2024, up by 33.3% month-over-month. Of the 16 sold homes, 69% were sold under asking, 25% were sold at asking, and 6% were sold over asking.
Days on Market for 72631, AR
How long does it take to sell a home in 72631, AR?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
167 Days | 78 Days | -53.3% |
Summary: Homes in 72631 had an average of 78 days on market in May 2024, down by 53.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 16 homes were sold in 72631; 6% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.