Is 71701, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 71701 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 71701 has remained a Buyer's Market.

Key Takeaway

71701 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 71701, AR

How much do homes in 71701, AR cost?

Median Sold Price

$99,600

$58/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$80,400(-44.7%)

Key Takeaway

Homes in 71701 have sold for 44.7% less than they did a month ago.

Summary: The median home sold price in 71701 was $99,600 in October 2024, down 44.7% from last month, and the median price per square foot was $58.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $180K$56K
-68.9%
4 -$450K
N/A
5+ --
N/A

Summary: 71701 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 68.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

71720
+75.0%
71701
-44.7%
71726
-47.6%

Housing Supply in 71701, AR

How many homes are available in 71701, AR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5862+6.9%

Summary: The 71701 real estate market had 62 homes for sale in October 2024, a 6.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 88
0.0%
3 3433
-2.9%
4 1318
+38.5%
5+ 22
0.0%

Summary: The 71701 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 remained the same, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
56+20.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 71701, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 71701 in October 2024, up by 20.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.

Days on Market for 71701, 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 20 Days Ago

Newest Listings in 71701, AR

Nearby Markets to 71701, AR