Is 72701, 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, 72701 has remained a Seller's Market.
Housing Prices in 72701, AR
How much do homes in 72701, AR cost?
Median Sold Price
$381,333
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 72701 was $381,333 in May 2024, up 4.5% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $211.5K | $402.5K | +90.3% |
2 Bedrooms | $331K | $360K | +8.8% |
3 Bedrooms | $325K | $318.6K | -1.9% |
4 Bedrooms | $420K | $535K | +27.4% |
5+ Bedrooms | $641.2K | $737.5K | +15.0% |
Summary: 72701 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 90.3%, 2 bedroom homes increased by 8.8%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 27.4%, and 5+ bedroom homes increased by 15%.
Housing Supply in 72701, AR
How many homes are available in 72701, AR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
175 | 176 | +0.6% |
Summary: The 72701 real estate market had 176 homes for sale in May 2024, a 0.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 5 | -28.6% |
2 Bedrooms | 25 | 25 | 0.0% |
3 Bedrooms | 69 | 73 | +5.8% |
4 Bedrooms | 61 | 60 | -1.6% |
5+ Bedrooms | 13 | 13 | 0.0% |
Summary: The 72701 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
38 | 33 | -13.2% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in 72701 in May 2024, down by 13.2% month-over-month. Of the 33 sold homes, 39% were sold under asking, 39% were sold at asking, and 21% were sold over asking.
Days on Market for 72701, AR
How long does it take to sell a home in 72701, AR?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
102 Days | 91 Days | -10.7% |
Summary: Homes in 72701 had an average of 91 days on market in May 2024, down by 10.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During May 2024, 33 homes were sold in 72701; 18% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.