Is 72204, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 72204 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 72204 was a Neutral Market.

Key Takeaway

72204 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 72204, AR

How much do homes in 72204, AR cost?

Median Sold Price

$128,000

$116/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$14,500(-10.2%)

Key Takeaway

Homes in 72204 have sold for 10.2% less than they did a month ago.

Summary: The median home sold price in 72204 was $128,000 in October 2024, down 10.2% from last month, and the median price per square foot was $116.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$25K
N/A
2 $122K$42.9K
-64.8%
3 $146.2K$126K
-13.8%
4 $163.5K$249.9K
+52.8%
5+ --
N/A

Summary: 72204 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 decreased by 64.8%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes increased by 52.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

72205
+12.3%
72202
+11.9%
72209
+9.0%
72204
-10.2%
72211
-12.2%

Housing Supply in 72204, AR

How many homes are available in 72204, AR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
128152+18.8%

Summary: The 72204 real estate market had 152 homes for sale in October 2024, a 18.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 2727
0.0%
3 8498
+16.7%
4 1626
+62.5%
5+ 00
0.0%

Summary: The 72204 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 16.7%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2026+30.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 72204, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in 72204 in October 2024, up by 30.0% month-over-month. Of the 24 sold homes, 58% were sold under asking, 29% were sold at asking, and 13% were sold over asking.

Days on Market for 72204, 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 20 Days Ago

Newest Listings in 72204, AR

Nearby Markets to 72204, AR