Is Drew County, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Drew County was a Buyer's Market.
Housing Prices in Drew County, AR
How much do homes in Drew County, AR cost?
Median Sold Price
$220,000
$111/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Drew County was $220,000 in May 2024, up 2.3% from last month, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $15K | N/A |
3 Bedrooms | $215K | $170K | -20.9% |
4 Bedrooms | - | $298K | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Drew 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 did not change, 3 bedroom homes decreased by 20.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
Ashley County | $62K | $118.6K | +91.3% |
Drew County | $215K | $220K | +2.3% |
Lincoln County | $106K | $90K | -15.1% |
Housing Supply in Drew County, AR
How many homes are available in Drew County, AR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
41 | 49 | +19.5% |
Summary: The Drew County real estate market had 49 homes for sale in May 2024, a 19.5% increase 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 | 3 | 4 | +33.3% |
3 Bedrooms | 24 | 29 | +20.8% |
4 Bedrooms | 11 | 13 | +18.2% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Drew 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 increased by 33.3%, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 8 | +166.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Drew County in May 2024, up by 166.7% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Drew County, AR
We’re sorry, we don't have information for this market at the moment