Is 72058, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 72058 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 72058 has remained a Seller's Market.

Key Takeaway

72058 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 72058, AR

How much do homes in 72058, AR cost?

Median Sold Price

$323,250

$165/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$12,750(-3.8%)

Key Takeaway

Homes in 72058 have sold for 3.8% less than they did a month ago.

Summary: The median home sold price in 72058 was $323,250 in October 2024, down 3.8% from last month, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$138K
N/A
3 $260K$212K
-18.5%
4 $450K$352.5K
-21.7%
5+ $310K$508K
+63.9%

Summary: 72058 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 did not change, 3 bedroom homes decreased by 18.5%, 4 bedroom homes decreased by 21.7%, and 5+ bedroom homes increased by 63.9%.

Housing Supply in 72058, AR

How many homes are available in 72058, AR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
124131+5.6%

Summary: The 72058 real estate market had 131 homes for sale in October 2024, a 5.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 22
0.0%
3 6567
+3.1%
4 4955
+12.2%
5+ 65
-16.7%

Summary: The 72058 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 remained the same, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2527+8.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 72058, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in 72058 in October 2024, up by 8.0% month-over-month. Of the 26 sold homes, 50% were sold under asking, 31% were sold at asking, and 19% were sold over asking.

Days on Market for 72058, AR

How long does it take to sell a home in 72058, AR?

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 72058 has remained consistent over time.

Summary: During October 2024, 27 homes were sold in 72058; 0% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

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