Is 72116, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 72116 has remained a Seller's Market.
Key Takeaway
72116 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 72116, AR
How much do homes in 72116, AR cost?
Median Sold Price
$225,000
$123/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in 72116 have sold for 2.2% more than they did a month ago.
Summary: The median home sold price in 72116 was $225,000 in May 2024, up 2.2% from last month, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $148.5K | - | N/A |
| 3 Bedrooms | $215.2K | $190K | -11.7% |
| 4 Bedrooms | $303K | $265K | -12.5% |
| 5+ Bedrooms | $287K | $364K | +26.8% |
Summary: 72116 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 did not change, 3 bedroom homes decreased by 11.7%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 26.8%.
Housing Supply in 72116, AR
How many homes are available in 72116, AR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 87 | 90 | +3.4% |
Summary: The 72116 real estate market had 90 homes for sale in May 2024, a 3.4% increase 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 | 2 | -50.0% |
| 3 Bedrooms | 49 | 53 | +8.2% |
| 4 Bedrooms | 26 | 26 | 0.0% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The 72116 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 50%, 3 bedroom homes increased by 8.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 31 | 18 | -41.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 72116, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in 72116 in May 2024, down by 41.9% month-over-month. Of the 17 sold homes, 47% were sold under asking, 29% were sold at asking, and 24% were sold over asking.
Days on Market for 72116, AR
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Cooperative Arkansas REALTORS® Multiple Listing Services, Inc. Real estate listings, held by brokerage firms other than this broker, are marked with the Broker Reciprocity℠ logo and information about them includes the name of the listing brokers. The 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 data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Cooperative Arkansas Realtors MLS. All Rights Reserved.