Is Gentry, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Gentry was a Seller's Market.
Housing Prices in Gentry, AR
How much do homes in Gentry, AR cost?
Median Sold Price
$275,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Gentry was $275,000 in May 2024, up 5.8% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $201K | $200K | -0.5% |
3 Bedrooms | $246K | $250K | +1.6% |
4 Bedrooms | $270.4K | $299.8K | +10.8% |
5+ Bedrooms | $422.8K | $489K | +15.7% |
Summary: Gentry 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 decreased by 0.5%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 15.7%.
Housing Supply in Gentry, AR
How many homes are available in Gentry, AR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
74 | 73 | -1.4% |
Summary: The Gentry real estate market had 73 homes for sale in May 2024, a 1.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 40 | 39 | -2.5% |
4 Bedrooms | 27 | 28 | +3.7% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Gentry 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 remained the same, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 12 | -14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Gentry in May 2024, down by 14.3% month-over-month. Of the 12 sold homes, 17% were sold under asking, 50% were sold at asking, and 33% were sold over asking.
Days on Market for Gentry, AR
How long does it take to sell a home in Gentry, AR?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
89 Days | 135 Days | +51.0% |
Summary: Homes in Gentry had an average of 135 days on market in May 2024, up by 51% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Gentry; 8% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 42% of homes were sold over 90 days.