Is Ouachita County, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ouachita County is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Ouachita County has remained a Seller's Market.

Key Takeaway

Ouachita County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Ouachita County, AR

How much do homes in Ouachita County, AR cost?

Median Sold Price

$162,750

$87/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

+$48,915(+43.0%)

Key Takeaway

Homes in Ouachita County have sold for 43% more than they did a month ago.

Summary: The median home sold price in Ouachita County was $162,750 in May 2024, up 43% from last month, and the median price per square foot was $87.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 $59.2K$100K
+68.8%
3 $160.7K$171.5K
+6.7%
4 -$239.7K
N/A
5+ --
N/A

Summary: Ouachita County 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 increased by 68.8%, 3 bedroom homes increased by 6.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Union County
+177.3%
Ouachita County
+43.0%

Housing Supply in Ouachita County, AR

How many homes are available in Ouachita County, AR?

Number of Homes For Sale

Apr 2024May 2024CHANGE
7875-3.8%

Summary: The Ouachita County real estate market had 75 homes for sale in May 2024, a 3.8% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1513
-13.3%
3 4843
-10.4%
4 1115
+36.4%
5+ 44
0.0%

Summary: The Ouachita County 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 decreased by 13.3%, 3 bedroom homes decreased by 10.4%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
1716-5.9%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ouachita County, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Ouachita County in May 2024, down by 5.9% month-over-month. Of the 12 sold homes, 83% were sold under asking, 8% were sold at asking, and 8% were sold over asking.

Days on Market for Ouachita County, AR

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Ouachita County, AR

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What housing markets are near Ouachita County, AR?