Is 72762, 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, 72762 has remained a Seller's Market.
Key Takeaway
72762 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 72762, AR
How much do homes in 72762, AR cost?
Median Sold Price
$360,285
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 72762 have sold for 2% less than they did a year ago.
Summary: The median home sold price in 72762 was $360,285 in May 2024, down 2% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | - | N/A |
| 2 Bedrooms | $187.5K | $199.5K | +6.4% |
| 3 Bedrooms | $310K | $305K | -1.6% |
| 4 Bedrooms | $485K | $479.8K | -1.1% |
| 5+ Bedrooms | $649.9K | $749.5K | +15.3% |
Summary: 72762 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 6.4%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 15.3%.
Housing Supply in 72762, AR
How many homes are available in 72762, AR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 193 | 190 | -1.6% |
Summary: The 72762 real estate market had 190 homes for sale in May 2024, a 1.6% 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 | 4 | 8 | +100.0% |
| 3 Bedrooms | 79 | 76 | -3.8% |
| 4 Bedrooms | 93 | 85 | -8.6% |
| 5+ Bedrooms | 17 | 21 | +23.5% |
Summary: The 72762 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 100%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes increased by 23.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 47 | 55 | +17.0% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 72762, you may be able to get a good deal. 49.1% of homes here sold below asking price last month.
Summary: A total of 55 homes were sold or pending in 72762 in May 2024, up by 17.0% month-over-month. Of the 55 sold homes, 49% were sold under asking, 40% were sold at asking, and 11% were sold over asking.
Days on Market for 72762, AR
How long does it take to sell a home in 72762, AR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 64 Days | 82 Days | +26.8% |
Summary: Homes in 72762 had an average of 82 days on market in May 2024, up by 26.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
33 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 72762 has remained consistent over time.
Summary: During May 2024, 55 homes were sold in 72762; 18% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
Disclaimer: 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 the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright © 2024 Northwest Arkansas Board of Realtors All rights reserved.