$250,000
15.70 Acres
Land
#24042478, Sean Edds, Listing Office: CBRPM Hot Springs
Is 71901, 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, 71901 was a Neutral Market.
Key Takeaway
71901 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 71901, AR
How much do homes in 71901, AR cost?
Median Sold Price
$295,000
$139/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$71,550(+32.0%)
Key Takeaway
Homes in 71901 have sold for 32% more than they did a month ago.
Summary: The median home sold price in 71901 was $295,000 in October 2024, up 32% from last month, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $170K | $132.5K | -22.1% |
| 3 Bedrooms | $215K | $220K | +2.3% |
| 4 Bedrooms | $340K | $404.5K | +19.0% |
| 5+ Bedrooms | $345K | $449.9K | +30.4% |
Summary: 71901 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 decreased by 22.1%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 19%, and 5+ bedroom homes increased by 30.4%.
Housing Supply in 71901, AR
How many homes are available in 71901, AR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 158 | 174 | +10.1% |
Summary: The 71901 real estate market had 174 homes for sale in October 2024, a 10.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 43 | 38 | -11.6% |
| 3 Bedrooms | 56 | 68 | +21.4% |
| 4 Bedrooms | 33 | 40 | +21.2% |
| 5+ Bedrooms | 24 | 26 | +8.3% |
Summary: The 71901 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 11.6%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 24 | +4.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 71901, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 24 homes were sold or pending in 71901 in October 2024, up by 4.3% month-over-month. Of the 21 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.
Days on Market for 71901, AR
We’re sorry, we don't have information for this market at the moment
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