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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 71602 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 71602 was a Buyer's Market.

Key Takeaway

71602 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 71602, AR

How much do homes in 71602, AR cost?

Median Sold Price

$167,500

$97/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$82,500(+97.1%)

Key Takeaway

Homes in 71602 have sold for 97.1% more than they did a month ago.

Summary: The median home sold price in 71602 was $167,500 in November 2024, up 97.1% from last month, and the median price per square foot was $97.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $71.2K$167.5K
+135.1%
4 $267.5K$79K
-70.5%
5+ -$400K
N/A

Summary: 71602 housing prices by bedroom type for November 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 increased by 135.1%, 4 bedroom homes decreased by 70.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

71602
+97.1%
71603
+52.6%

Housing Supply in 71602, AR

How many homes are available in 71602, AR?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7379+8.2%

Summary: The 71602 real estate market had 79 homes for sale in November 2024, a 8.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 710
+42.9%
3 4748
+2.1%
4 1718
+5.9%
5+ 23
+50.0%

Summary: The 71602 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 increased by 42.9%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
712+71.4%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was 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. 58.3% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in 71602 in November 2024, up by 71.4% month-over-month. Of the 12 sold homes, 58% were sold under asking, 33% were sold at asking, and 8% 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 24 Days Ago

Newest Listings in 71602, AR

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