Is Big Rock Township, 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, Big Rock Township has remained a Seller's Market.
Key Takeaway
Big Rock Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Big Rock Township, AR
How much do homes in Big Rock Township, AR cost?
Median Sold Price
$252,250
$144/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Big Rock Township have sold for 0.9% more than they did a month ago.
Summary: The median home sold price in Big Rock Township was $252,250 in May 2024, up 0.9% from last month, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $88.5K | -39.0% |
| 2 Bedrooms | $160K | $161.2K | +0.8% |
| 3 Bedrooms | $211.2K | $232K | +9.8% |
| 4 Bedrooms | $389K | $397.5K | +2.2% |
| 5+ Bedrooms | $531K | $609.5K | +14.8% |
Summary: Big Rock Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 39%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 14.8%.
Median Sold Price Compared To Nearby Cities
| Cammack Village | $405.9K | $897.4K | +121.1% |
| Maumelle | $261K | $337.9K | +29.5% |
| Owen Township | $324.9K | $339K | +4.3% |
| Big Rock Township | $250K | $252.2K | +0.9% |
| Little Rock | $250K | $250K | 0.0% |
Housing Supply in Big Rock Township, AR
How many homes are available in Big Rock Township, AR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 977 | 1,040 | +6.4% |
Summary: The Big Rock Township real estate market had 1,040 homes for sale in May 2024, a 6.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 9 | -10.0% |
| 2 Bedrooms | 134 | 145 | +8.2% |
| 3 Bedrooms | 497 | 521 | +4.8% |
| 4 Bedrooms | 267 | 285 | +6.7% |
| 5+ Bedrooms | 69 | 80 | +15.9% |
Summary: The Big Rock Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 15.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 258 | 253 | -1.9% |
Asking Price vs. Sold Price
97 Homes Were Sold
Under Asking
86 Homes Were Sold
At Asking
49 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Big Rock Township, you may be able to get a good deal. 41.8% of homes here sold below asking price last month.
Summary: A total of 253 homes were sold or pending in Big Rock Township in May 2024, down by 1.9% month-over-month. Of the 232 sold homes, 42% were sold under asking, 37% were sold at asking, and 21% were sold over asking.
Days on Market for Big Rock Township, 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.