$594 Closing Credit*
$50,000
960 SqFt
2 Beds
•1 Full Bath
#24042231, Nola Ford, Listing Office: Crye-Leike REALTORS Maumelle
Is 72118, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 72118 was a Seller's Market.
Key Takeaway
72118 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 72118, AR
How much do homes in 72118, AR cost?
Median Sold Price
$140,000
$104/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$15,750(+12.7%)
Key Takeaway
Homes in 72118 have sold for 12.7% more than they did a month ago.
Summary: The median home sold price in 72118 was $140,000 in October 2024, up 12.7% from last month, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $51.7K | $100.5K | +94.2% |
| 3 Bedrooms | $140K | $140K | 0.0% |
| 4 Bedrooms | $137.7K | $185.5K | +34.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: 72118 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 94.2%, 3 bedroom homes did not change, 4 bedroom homes increased by 34.7%, and 5+ bedroom homes did not change.
Housing Supply in 72118, AR
How many homes are available in 72118, AR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 92 | 93 | +1.1% |
Summary: The 72118 real estate market had 93 homes for sale in October 2024, a 1.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 15 | +7.1% |
| 3 Bedrooms | 67 | 70 | +4.5% |
| 4 Bedrooms | 10 | 7 | -30.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 72118 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 increased by 7.1%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 14 | -36.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 72118, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in 72118 in October 2024, down by 36.4% month-over-month. Of the 13 sold homes, 46% were sold under asking, 0% were sold at asking, and 54% were sold over asking.
Days on Market for 72118, AR
We’re sorry, we don't have information for this market at the moment
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.