Is 71602, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 71602 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 71602 was a Neutral Market.

Key Takeaway

71602 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 71602, AR

How much do homes in 71602, AR cost?

Median Sold Price

$161,750

$85/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$31,750(+24.4%)

Key Takeaway

Homes in 71602 have sold for 24.4% more than they did a month ago.

Summary: The median home sold price in 71602 was $161,750 in October 2024, up 24.4% from last month, and the median price per square foot was $85.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $127.5K-
N/A
3 $130K$85K
-34.6%
4 -$267.5K
N/A
5+ --
N/A

Summary: 71602 housing prices by bedroom type for October 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 34.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

71603
+40.0%
72132
+35.4%
71602
+24.4%

Housing Supply in 71602, AR

How many homes are available in 71602, AR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5973+23.7%

Summary: The 71602 real estate market had 73 homes for sale in October 2024, a 23.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 76
-14.3%
3 3647
+30.6%
4 1418
+28.6%
5+ 22
0.0%

Summary: The 71602 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 30.6%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
107-30.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 71602, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 71602 in October 2024, down by 30.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for 71602, AR

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 12 Days Ago

Newest Listings in 71602, AR

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