$949 Closing Credit*
$79,900
1,454 SqFt
2 Beds
•2 Full Baths
#24044658, Lisa Attwood, Listing Office: Lisa Attwood Realty
Is 71601, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 71601 was a Seller's Market.
Key Takeaway
71601 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 71601, AR
How much do homes in 71601, AR cost?
Median Sold Price
$67,000
$46/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,250(+60.5%)
Key Takeaway
Homes in 71601 have sold for 60.5% more than they did a year ago.
Summary: The median home sold price in 71601 was $67,000 in November 2024, up 60.5% from last year, and the median price per square foot was $46.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $33K | N/A |
| 2 Bedrooms | $8.5K | $65K | +664.7% |
| 3 Bedrooms | $97.5K | $61.4K | -37.0% |
| 4 Bedrooms | $77K | $89.5K | +16.2% |
| 5+ Bedrooms | - | $98.4K | N/A |
Summary: 71601 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 664.7%, 3 bedroom homes decreased by 37%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes did not change.
Housing Supply in 71601, AR
How many homes are available in 71601, AR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 43 | +19.4% |
Summary: The 71601 real estate market had 43 homes for sale in November 2024, a 19.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 25 | 30 | +20.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The 71601 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 71601, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 71601 in November 2024, up by 100.0% 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 71601, 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.