Is 71603, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 71603 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 71603 has remained a Buyer's Market.

Key Takeaway

71603 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 71603, AR

How much do homes in 71603, AR cost?

Median Sold Price

$125,000

$70/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$43,100(+52.6%)

Key Takeaway

Homes in 71603 have sold for 52.6% more than they did a month ago.

Summary: The median home sold price in 71603 was $125,000 in November 2024, up 52.6% from last month, and the median price per square foot was $70.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $60K$49K
-18.3%
3 $115K$130K
+13.0%
4 $122.5K$112K
-8.6%
5+ $287K$365K
+27.2%

Summary: 71603 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 decreased by 18.3%, 3 bedroom homes increased by 13%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes increased by 27.2%.

Median Sold Price Compared To Nearby Zip Codes

71602
+97.1%
71603
+52.6%

Housing Supply in 71603, AR

How many homes are available in 71603, AR?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
130135+3.8%

Summary: The 71603 real estate market had 135 homes for sale in November 2024, a 3.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 3132
+3.2%
3 6773
+9.0%
4 2323
0.0%
5+ 97
-22.2%

Summary: The 71603 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 3.2%, 3 bedroom homes increased by 9%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 22.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1716-5.9%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 71603, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in 71603 in November 2024, down by 5.9% month-over-month. Of the 15 sold homes, 53% were sold under asking, 27% were sold at asking, and 20% were sold over asking.

Days on Market for 71603, 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 71603, AR

Nearby Markets to 71603, AR