Is North Little Rock, 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, North Little Rock was a Seller's Market.
Key Takeaway
North Little Rock is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in North Little Rock, AR
How much do homes in North Little Rock, AR cost?
Median Sold Price
$176,500
$111/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
The sold price of homes in North Little Rock has remained the same since last month.
Summary: The median home sold price in North Little Rock was $176,500 in May 2024, up 0.3% 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 | $122.5K | $60K | -51.0% |
| 3 Bedrooms | $162.7K | $179.7K | +10.4% |
| 4 Bedrooms | $290K | $282K | -2.8% |
| 5+ Bedrooms | $393K | $364K | -7.4% |
Summary: North Little Rock 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 decreased by 51%, 3 bedroom homes increased by 10.4%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 7.4%.
Median Sold Price Compared To Nearby Cities
| Maumelle | $261K | $337.9K | +29.5% |
| Hill Township | $198.9K | $204K | +2.6% |
| North Little Rock | $176K | $176.5K | 0.3% |
| Sherwood | $274.9K | $225K | -18.2% |
| Scott | $617.5K | $175K | -71.7% |
Housing Supply in North Little Rock, AR
How many homes are available in North Little Rock, AR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 246 | 279 | +13.4% |
Summary: The North Little Rock real estate market had 279 homes for sale in May 2024, a 13.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 32 | 39 | +21.9% |
| 3 Bedrooms | 147 | 166 | +12.9% |
| 4 Bedrooms | 55 | 57 | +3.6% |
| 5+ Bedrooms | 12 | 16 | +33.3% |
Summary: The North Little Rock housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 21.9%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 90 | 44 | -51.1% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Little Rock, you may be able to get a good deal. 45% of homes here sold below asking price last month.
Summary: A total of 44 homes were sold or pending in North Little Rock in May 2024, down by 51.1% month-over-month. Of the 40 sold homes, 45% were sold under asking, 33% were sold at asking, and 23% were sold over asking.
Days on Market for North Little Rock, 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.