Is 72223, 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, 72223 has remained a Seller's Market.
Key Takeaway
72223 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 72223, AR
How much do homes in 72223, AR cost?
Median Sold Price
$500,000
$186/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in 72223 have sold for 11.2% more than they did a month ago.
Summary: The median home sold price in 72223 was $500,000 in May 2024, up 11.2% from last month, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.1M | - | N/A |
| 2 Bedrooms | $262.2K | $250K | -4.7% |
| 3 Bedrooms | $391K | $449.7K | +15.0% |
| 4 Bedrooms | $499K | $579K | +16.0% |
| 5+ Bedrooms | $630K | $610K | -3.2% |
Summary: 72223 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 4.7%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 16%, and 5+ bedroom homes decreased by 3.2%.
Housing Supply in 72223, AR
How many homes are available in 72223, AR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 165 | 159 | -3.6% |
Summary: The 72223 real estate market had 159 homes for sale in May 2024, a 3.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 57 | 50 | -12.3% |
| 4 Bedrooms | 64 | 60 | -6.3% |
| 5+ Bedrooms | 34 | 39 | +14.7% |
Summary: The 72223 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 12.3%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 14.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 50 | 38 | -24.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 72223, you may be able to get a good deal. 48.5% of homes here sold below asking price last month.
Summary: A total of 38 homes were sold or pending in 72223 in May 2024, down by 24.0% month-over-month. Of the 33 sold homes, 48% were sold under asking, 39% were sold at asking, and 12% were sold over asking.
Days on Market for 72223, 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.