Is Independence County, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Independence County was a Neutral Market.
Housing Prices in Independence County, AR
How much do homes in Independence County, AR cost?
Median Sold Price
$195,000
$119/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Independence County was $195,000 in May 2024, up 39.8% from last month, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $47K | N/A |
2 Bedrooms | $115K | $88K | -23.5% |
3 Bedrooms | $139.2K | $201.9K | +45.0% |
4 Bedrooms | $260K | $387.5K | +49.0% |
5+ Bedrooms | - | - | N/A |
Summary: Independence County 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 23.5%, 3 bedroom homes increased by 45%, 4 bedroom homes increased by 49%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
Independence County | $139.5K | $195K | +39.8% |
Cleburne County | $220K | $275K | +25.0% |
Lawrence County | $100K | $111.4K | +11.4% |
Sharp County | $135K | $139.9K | +3.6% |
Housing Supply in Independence County, AR
How many homes are available in Independence County, AR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
79 | 77 | -2.5% |
Summary: The Independence County real estate market had 77 homes for sale in May 2024, a 2.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 17 | 17 | 0.0% |
3 Bedrooms | 38 | 36 | -5.3% |
4 Bedrooms | 19 | 18 | -5.3% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Independence County 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 5.3%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 15 | +15.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Independence County in May 2024, up by 15.4% month-over-month. Of the 13 sold homes, 62% were sold under asking, 31% were sold at asking, and 8% were sold over asking.
Days on Market for Independence County, AR
We’re sorry, we don't have information for this market at the moment