Is 72088, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 72088 is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, 72088 has remained a Buyer's Market.

Key Takeaway

72088 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 72088, AR

How much do homes in 72088, AR cost?

Median Sold Price

$120,000

$107/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$8,000(+7.1%)

Key Takeaway

Homes in 72088 have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in 72088 was $120,000 in November 2024, up 7.1% from last year, and the median price per square foot was $107.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $72K$62K
-13.9%
2 $111.5K$105K
-5.8%
3 $146.9K$220K
+49.7%
4 -$389K
N/A
5+ -$712.5K
N/A

Summary: 72088 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.9%, 2 bedroom homes decreased by 5.8%, 3 bedroom homes increased by 49.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 72088, AR

How many homes are available in 72088, AR?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8081+1.3%

Summary: The 72088 real estate market had 81 homes for sale in November 2024, a 1.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 99
0.0%
2 3435
+2.9%
3 2424
0.0%
4 1010
0.0%
5+ 33
0.0%

Summary: The 72088 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 2.9%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
124-66.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 72088, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 72088 in November 2024, down by 66.7% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for 72088, 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 72088, AR

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