Is 71953, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 71953 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 71953 has remained a Buyer's Market.

Key Takeaway

71953 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 71953, AR

How much do homes in 71953, AR cost?

Median Sold Price

$190,000

$125/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$36,000(+23.4%)

Key Takeaway

Homes in 71953 have sold for 23.4% more than they did a month ago.

Summary: The median home sold price in 71953 was $190,000 in October 2024, up 23.4% from last month, and the median price per square foot was $125.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $140K$180K
+28.6%
3 $213.7K$170K
-20.5%
4 $104.2K$192.5K
+84.7%
5+ -$1.0M
N/A

Summary: 71953 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 increased by 28.6%, 3 bedroom homes decreased by 20.5%, 4 bedroom homes increased by 84.7%, and 5+ bedroom homes did not change.

Housing Supply in 71953, AR

How many homes are available in 71953, AR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
115121+5.2%

Summary: The 71953 real estate market had 121 homes for sale in October 2024, a 5.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 24
+100.0%
2 2221
-4.5%
3 5965
+10.2%
4 2321
-8.7%
5+ 910
+11.1%

Summary: The 71953 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes increased by 10.2%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1511-26.7%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 71953, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 71953 in October 2024, down by 26.7% month-over-month. Of the 11 sold homes, 82% were sold under asking, 18% were sold at asking, and 0% were sold over asking.

Days on Market for 71953, 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 21 Days Ago

Newest Listings in 71953, AR

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