$6,531 Closing Credit*
$550,000
3,372 SqFt
4 Beds
•3 Full Baths, 1 Partial
#24041525, Brooke Stevenson, Listing Office: Re/Max Edge Realty
Is 72501, 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, 72501 was a Buyer's Market.
Key Takeaway
72501 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 72501, AR
How much do homes in 72501, AR cost?
Median Sold Price
$192,000
$108/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$9,078(+5.0%)
Key Takeaway
Homes in 72501 have sold for 5% more than they did a month ago.
Summary: The median home sold price in 72501 was $192,000 in October 2024, up 5% from last month, and the median price per square foot was $108.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $91K | $160.5K | +76.4% |
| 3 Bedrooms | $182.9K | $197K | +7.7% |
| 4 Bedrooms | $310K | $192.4K | -37.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: 72501 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 76.4%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 37.9%, and 5+ bedroom homes did not change.
Housing Supply in 72501, AR
How many homes are available in 72501, AR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 65 | 65 | 0.0% |
Summary: The 72501 real estate market had 65 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 35 | 37 | +5.7% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 72501 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 12 | +33.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 72501, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 72501 in October 2024, up by 33.3% month-over-month. Of the 12 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for 72501, 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.