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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Boone County is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Boone County has remained a Buyer's Market.

Key Takeaway

Boone County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Boone County, AR

How much do homes in Boone County, AR cost?

Median Sold Price

$412,450

$211/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

+$227,450(+122.9%)

Key Takeaway

Homes in Boone County have sold for 122.9% more than they did a month ago.

Summary: The median home sold price in Boone County was $412,450 in May 2024, up 122.9% from last month, and the median price per square foot was $211.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 $45K$135K
+200.0%
3 $346K$169.9K
-50.9%
4 $185K$695K
+275.7%
5+ $275K-
N/A

Summary: Boone 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 200%, 3 bedroom homes decreased by 50.9%, 4 bedroom homes increased by 275.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Boone County
+122.9%
Marion County
-5.8%

Housing Supply in Boone County, AR

How many homes are available in Boone County, AR?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4239-7.1%

Summary: The Boone County real estate market had 39 homes for sale in May 2024, a 7.1% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 76
-14.3%
3 1313
0.0%
4 1515
0.0%
5+ 64
-33.3%

Summary: The Boone 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 14.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Boone County, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Boone County in May 2024, down by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for Boone County, AR

How long does it take to sell a home in Boone County, AR?

Average Sale Time

Apr 2024May 2024CHANGE
99 Days28 Days-71.7%

Summary: Homes in Boone County had an average of 28 days on market in May 2024, down by 71.7% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Boone County are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 4 homes were sold in Boone County; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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 Boone County, AR

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