$2,791 Closing Credit*
$235,000
1,642 SqFt
3 Beds
•2 Full Baths
#24044827, Anthony Nicolosi, Listing Office: RE/MAX of Hot Springs Village
Is 71909, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 71909 has remained a Seller's Market.
Key Takeaway
71909 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 71909, AR
How much do homes in 71909, AR cost?
Median Sold Price
$308,500
$162/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$6,500(-2.1%)
Key Takeaway
Homes in 71909 have sold for 2.1% less than they did a month ago.
Summary: The median home sold price in 71909 was $308,500 in November 2024, down 2.1% from last month, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $130K | $177.5K | +36.5% |
| 3 Bedrooms | $332K | $325K | -2.1% |
| 4 Bedrooms | $380.5K | $612.5K | +61.0% |
| 5+ Bedrooms | $729.5K | $801K | +9.8% |
Summary: 71909 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 increased by 36.5%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 61%, and 5+ bedroom homes increased by 9.8%.
Median Sold Price Compared To Nearby Zip Codes
| 71949 | $50K | $260K | +420.0% |
| 71901 | $278K | $293.5K | +5.6% |
| 71909 | $315K | $308.5K | -2.1% |
Housing Supply in 71909, AR
How many homes are available in 71909, AR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 291 | 264 | -9.3% |
Summary: The 71909 real estate market had 264 homes for sale in November 2024, a 9.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 36 | 40 | +11.1% |
| 3 Bedrooms | 209 | 181 | -13.4% |
| 4 Bedrooms | 34 | 32 | -5.9% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The 71909 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 11.1%, 3 bedroom homes decreased by 13.4%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 65 | 51 | -21.5% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 71909, you may be able to get a good deal. 70.8% of homes here sold below asking price last month.
Summary: A total of 51 homes were sold or pending in 71909 in November 2024, down by 21.5% month-over-month. Of the 48 sold homes, 71% were sold under asking, 19% were sold at asking, and 10% were sold over asking.
Days on Market for 71909, AR
How long does it take to sell a home in 71909, AR?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in 71909 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 51 homes were sold in 71909; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
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.