Is 72712, 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, 72712 has remained a Seller's Market.
Housing Prices in 72712, AR
How much do homes in 72712, AR cost?
Median Sold Price
$466,760
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 72712 was $466,760 in May 2024, up 9.9% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $377.5K | $515K | +36.4% |
2 Bedrooms | $363.6K | $579.9K | +59.5% |
3 Bedrooms | $335.5K | $356K | +6.1% |
4 Bedrooms | $477.9K | $515K | +7.8% |
5+ Bedrooms | $746.5K | $725K | -2.9% |
Summary: 72712 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.4%, 2 bedroom homes increased by 59.5%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes decreased by 2.9%.
Housing Supply in 72712, AR
How many homes are available in 72712, AR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
419 | 455 | +8.6% |
Summary: The 72712 real estate market had 455 homes for sale in May 2024, a 8.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 32 | 36 | +12.5% |
3 Bedrooms | 150 | 163 | +8.7% |
4 Bedrooms | 191 | 203 | +6.3% |
5+ Bedrooms | 42 | 50 | +19.0% |
Summary: The 72712 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 19%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
89 | 107 | +20.2% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
58 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 107 homes were sold or pending in 72712 in May 2024, up by 20.2% month-over-month. Of the 107 sold homes, 27% were sold under asking, 54% were sold at asking, and 19% were sold over asking.
Days on Market for 72712, AR
How long does it take to sell a home in 72712, AR?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
147 Days | 77 Days | -47.4% |
Summary: Homes in 72712 had an average of 77 days on market in May 2024, down by 47.4% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
54 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Summary: During May 2024, 107 homes were sold in 72712; 21% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.