Is 72404, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 72404 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 72404 was a Seller's Market.

Key Takeaway

72404 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 72404, AR

How much do homes in 72404, AR cost?

Median Sold Price

$323,500

$114/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$26,250(-7.5%)

Key Takeaway

Homes in 72404 have sold for 7.5% less than they did a month ago.

Summary: The median home sold price in 72404 was $323,500 in November 2024, down 7.5% from last month, and the median price per square foot was $114.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $300K$123K
-59.0%
4 $352K$330K
-6.3%
5+ $789.5K$441.1K
-44.1%

Summary: 72404 housing prices by bedroom type for November 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 59%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 44.1%.

Median Sold Price Compared To Nearby Zip Codes

72411
+50.5%
72401
+12.5%
72416
+7.3%
72404
-7.5%

Housing Supply in 72404, AR

How many homes are available in 72404, AR?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
82820.0%

Summary: The 72404 real estate market had 82 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 3232
0.0%
4 3332
-3.0%
5+ 1515
0.0%

Summary: The 72404 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 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
187-61.1%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 72404, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 72404 in November 2024, down by 61.1% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.

Days on Market for 72404, 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 17 Days Ago

Newest Listings in 72404, AR

Nearby Markets to 72404, AR