$4,156 Closing Credit*
$350,000
3,237 SqFt
5 Beds
•3 Full Baths, 1 Partial
#24045052, Margaret Richard, Listing Office: Coldwell Banker Thompson Realty
Is 71701, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 71701 was a Buyer's Market.
Key Takeaway
71701 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 71701, AR
How much do homes in 71701, AR cost?
Median Sold Price
$98,000
$72/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$51,750(-34.6%)
Key Takeaway
Homes in 71701 have sold for 34.6% less than they did a month ago.
Summary: The median home sold price in 71701 was $98,000 in November 2024, down 34.6% from last month, and the median price per square foot was $72.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $72K | N/A |
| 3 Bedrooms | $99.6K | $98K | -1.6% |
| 4 Bedrooms | $450K | $255K | -43.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: 71701 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 decreased by 1.6%, 4 bedroom homes decreased by 43.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 71720 | $175K | $219.7K | +25.5% |
| 71701 | $149.7K | $98K | -34.6% |
Housing Supply in 71701, AR
How many homes are available in 71701, AR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 65 | 67 | +3.1% |
Summary: The 71701 real estate market had 67 homes for sale in November 2024, a 3.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 11 | +22.2% |
| 3 Bedrooms | 34 | 36 | +5.9% |
| 4 Bedrooms | 19 | 17 | -10.5% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 71701 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 22.2%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 16 | +166.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 71701, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 71701 in November 2024, up by 166.7% month-over-month. Of the 16 sold homes, 63% were sold under asking, 19% were sold at asking, and 19% were sold over asking.
Days on Market for 71701, 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.