Is Boone County, 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, Boone County has remained a Buyer's Market.
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
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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $45K | $135K | +200.0% |
3 Bedrooms | $346K | $169.9K | -50.9% |
4 Bedrooms | $185K | $695K | +275.7% |
5+ Bedrooms | $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 | $185K | $412.4K | +122.9% |
Marion County | $217.6K | $205K | -5.8% |
Housing Supply in Boone County, AR
How many homes are available in Boone County, AR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
42 | 39 | -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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 13 | 13 | 0.0% |
4 Bedrooms | 15 | 15 | 0.0% |
5+ Bedrooms | 6 | 4 | -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 2024 | May 2024 | CHANGE |
---|---|---|
6 | 4 | -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
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 2024 | May 2024 | CHANGE |
---|---|---|
99 Days | 28 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
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.