Is Faulkner 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, Faulkner County has remained a Seller's Market.
Key Takeaway
Faulkner County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Faulkner County, AR
How much do homes in Faulkner County, AR cost?
Median Sold Price
$299,000
$151/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Faulkner County have sold for 10.8% more than they did a month ago.
Summary: The median home sold price in Faulkner County was $299,000 in May 2024, up 10.8% from last month, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $300K | N/A |
| 2 Bedrooms | $193.5K | $194.7K | +0.6% |
| 3 Bedrooms | $219.9K | $271.2K | +23.3% |
| 4 Bedrooms | $400K | $425K | +6.3% |
| 5+ Bedrooms | $615K | $327K | -46.8% |
Summary: Faulkner 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 0.6%, 3 bedroom homes increased by 23.3%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 46.8%.
Median Sold Price Compared To Nearby Counties
| Perry County | $159.9K | $203.5K | +27.2% |
| Conway County | $159.9K | $201K | +25.7% |
| Faulkner County | $269.9K | $299K | +10.8% |
| Lonoke County | $220K | $235K | +6.8% |
| Pulaski County | $228.7K | $234.6K | +2.6% |
Housing Supply in Faulkner County, AR
How many homes are available in Faulkner County, AR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 436 | 475 | +8.9% |
Summary: The Faulkner County real estate market had 475 homes for sale in May 2024, a 8.9% 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 | 28 | 23 | -17.9% |
| 3 Bedrooms | 221 | 229 | +3.6% |
| 4 Bedrooms | 157 | 191 | +21.7% |
| 5+ Bedrooms | 29 | 31 | +6.9% |
Summary: The Faulkner 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 17.9%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes increased by 6.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 120 | 146 | +21.7% |
Asking Price vs. Sold Price
56 Homes Were Sold
Under Asking
61 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Faulkner County, expect to pay close to the asking price. 44.5% of homes here sold near the asking price last month.
Summary: A total of 146 homes were sold or pending in Faulkner County in May 2024, up by 21.7% month-over-month. Of the 137 sold homes, 41% were sold under asking, 45% were sold at asking, and 15% were sold over asking.
Days on Market for Faulkner County, 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.
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