$8,000
0.21 Acres
Land
#24042018, Angel Monroe, Listing Office: IRealty Arkansas - Sherwood
Is 72206, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 72206 has remained a Buyer's Market.
Key Takeaway
72206 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 72206, AR
How much do homes in 72206, AR cost?
Median Sold Price
$136,450
$97/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$8,550(-5.9%)
Key Takeaway
Homes in 72206 have sold for 5.9% less than they did a month ago.
Summary: The median home sold price in 72206 was $136,450 in October 2024, down 5.9% from last month, and the median price per square foot was $97.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $120K | -35.1% |
| 2 Bedrooms | $119.6K | $149.9K | +25.3% |
| 3 Bedrooms | $130K | $70K | -46.2% |
| 4 Bedrooms | $485.5K | $175K | -64.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: 72206 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 35.1%, 2 bedroom homes increased by 25.3%, 3 bedroom homes decreased by 46.2%, 4 bedroom homes decreased by 64%, and 5+ bedroom homes did not change.
Housing Supply in 72206, AR
How many homes are available in 72206, AR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 87 | 96 | +10.3% |
Summary: The 72206 real estate market had 96 homes for sale in October 2024, a 10.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 51 | 56 | +9.8% |
| 4 Bedrooms | 19 | 24 | +26.3% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The 72206 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 decreased by 12.5%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 72206, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 72206 in October 2024, down by 23.1% month-over-month. Of the 10 sold homes, 50% were sold under asking, 40% were sold at asking, and 10% were sold over asking.
Days on Market for 72206, 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.