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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Washington County is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Washington County has remained a Seller's Market.

Key Takeaway

Washington County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Washington County, AR

How much do homes in Washington County, AR cost?

Median Sold Price

$339,686

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$14,756(+4.5%)

Key Takeaway

Homes in Washington County have sold for 4.5% more than they did a year ago.

Summary: The median home sold price in Washington County was $339,686 in May 2024, up 4.5% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $185K$212K
+14.6%
2 $216K$235K
+8.8%
3 $291.9K$304.7K
+4.4%
4 $420.9K$442.5K
+5.1%
5+ $618K$725K
+17.3%

Summary: Washington County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.6%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 17.3%.

Median Sold Price Compared To Nearby Counties

Washington County
+4.5%
Benton County
+4.3%
Madison County
-11.1%

Housing Supply in Washington County, AR

How many homes are available in Washington County, AR?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1,1471,194+4.1%

Summary: The Washington County real estate market had 1,194 homes for sale in May 2024, a 4.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 1613
-18.8%
2 93105
+12.9%
3 552573
+3.8%
4 407415
+2.0%
5+ 7988
+11.4%

Summary: The Washington County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 18.8%, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 11.4%.

Number of Homes Sold

Apr 2024May 2024CHANGE
259296+14.3%

Asking Price vs. Sold Price

132 Homes Were Sold
Under Asking

118 Homes Were Sold
At Asking

46 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Washington County, you may be able to get a good deal. 44.6% of homes here sold below asking price last month.

Summary: A total of 296 homes were sold or pending in Washington County in May 2024, up by 14.3% month-over-month. Of the 296 sold homes, 45% were sold under asking, 40% were sold at asking, and 16% were sold over asking.

Days on Market for Washington County, AR

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

Average Sale Time

May 2023May 2024CHANGE
87 Days81 Days-5.9%

Summary: Homes in Washington County had an average of 81 days on market in May 2024, down by 5.9% compared to last year.

Breakdown of Home Sale Times

51 Homes Were Sold
Under 30 Days

154 Homes Were Sold
In 30 - 90 Days

89 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Washington County has remained consistent over time.

Summary: During May 2024, 296 homes were sold in Washington County; 17% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 30% 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 Washington County, AR

Nearby Markets to Washington County, AR

What housing markets are near Washington County, AR?