Is Prairie Township, 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, Prairie Township has remained a Seller's Market.
Housing Prices in Prairie Township, AR
How much do homes in Prairie Township, AR cost?
Median Sold Price
$685,000
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Prairie Township was $685,000 in May 2024, up 14.2% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $227K | $311.7K | +37.3% |
3 Bedrooms | $368K | $492.4K | +33.8% |
4 Bedrooms | $600K | $750K | +25.0% |
5+ Bedrooms | $1.0M | $963K | -5.6% |
Summary: Prairie Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 37.3%, 3 bedroom homes increased by 33.8%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 5.6%.
Median Sold Price Compared To Nearby Cities
Prairie Township | $599.9K | $685K | +14.2% |
Fayetteville Township | $357.4K | $374.8K | +4.8% |
Fayetteville | $357.7K | $374.8K | +4.8% |
Johnson Township | $367.5K | $354K | -3.7% |
Housing Supply in Prairie Township, AR
How many homes are available in Prairie Township, AR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 26 | -7.1% |
Summary: The Prairie Township real estate market had 26 homes for sale in May 2024, a 7.1% decrease 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 | 1 | 1 | 0.0% |
3 Bedrooms | 6 | 4 | -33.3% |
4 Bedrooms | 14 | 13 | -7.1% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Prairie Township 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 33.3%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 6 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Prairie Township in May 2024, up by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Prairie Township, AR
How long does it take to sell a home in Prairie Township, AR?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
109 Days | 53 Days | -51.3% |
Summary: Homes in Prairie Township had an average of 53 days on market in May 2024, down by 51.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Prairie Township; 17% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.