Is 72616, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 72616 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 72616 was a Seller's Market.

Key Takeaway

72616 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 72616, AR

How much do homes in 72616, AR cost?

Median Sold Price

$190,000

$138/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$26,500(-12.2%)

Key Takeaway

Homes in 72616 have sold for 12.2% less than they did a year ago.

Summary: The median home sold price in 72616 was $190,000 in November 2024, down 12.2% from last year, and the median price per square foot was $138.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $390K$231.4K
-40.7%
2 $160K$159K
-0.6%
3 $197K$185K
-6.1%
4 $225K$250K
+11.1%
5+ $665K$374.9K
-43.6%

Summary: 72616 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 40.7%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 43.6%.

Median Sold Price Compared To Nearby Zip Codes

72638
+24.4%
72631
+16.1%
72632
+11.1%
72616
-12.2%

Housing Supply in 72616, AR

How many homes are available in 72616, AR?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5047-6.0%

Summary: The 72616 real estate market had 47 homes for sale in November 2024, a 6.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 76
-14.3%
3 2219
-13.6%
4 1516
+6.7%
5+ 44
0.0%

Summary: The 72616 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 decreased by 14.3%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
87-12.5%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 72616, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 72616 in November 2024, down by 12.5% month-over-month. Of the 7 sold homes, 57% were sold under asking, 43% were sold at asking, and 0% were sold over asking.

Days on Market for 72616, AR

How long does it take to sell a home in 72616, AR?

Average Sale Time

Nov 2023Nov 2024CHANGE
153 Days84 Days-45.0%

Summary: Homes in 72616 had an average of 84 days on market in Nov 2024, down by 45% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 72616 has remained consistent over time.

Summary: During November 2024, 7 homes were sold in 72616; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in 72616, AR

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