Is 71943, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 71943 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 71943 was a Seller's Market.

Key Takeaway

71943 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 71943, AR

How much do homes in 71943, AR cost?

Median Sold Price

$215,000

$97/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$85,000(+65.4%)

Key Takeaway

Homes in 71943 have sold for 65.4% more than they did a month ago.

Summary: The median home sold price in 71943 was $215,000 in November 2024, up 65.4% from last month, and the median price per square foot was $97.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $57.5K$31K
-46.1%
3 $164.9K$215K
+30.3%
4 $335K$264K
-21.2%
5+ --
N/A

Summary: 71943 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 46.1%, 3 bedroom homes increased by 30.3%, 4 bedroom homes decreased by 21.2%, and 5+ bedroom homes did not change.

Housing Supply in 71943, AR

How many homes are available in 71943, AR?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2118-14.3%

Summary: The 71943 real estate market had 18 homes for sale in November 2024, a 14.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 42
-50.0%
3 87
-12.5%
4 66
0.0%
5+ 22
0.0%

Summary: The 71943 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 decreased by 50%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 71943, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in 71943 in November 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for 71943, 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 18 Days Ago

Newest Listings in 71943, AR

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