Is 72632, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 72632 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 72632 was a Seller's Market.

Key Takeaway

72632 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 72632, AR

How much do homes in 72632, AR cost?

Median Sold Price

$299,950

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$29,950(+11.1%)

Key Takeaway

Homes in 72632 have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in 72632 was $299,950 in November 2024, up 11.1% from last year, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $205K$179K
-12.7%
2 $245K$290K
+18.4%
3 $284.5K$302.5K
+6.3%
4 $545K$310K
-43.1%
5+ $887.5K$699K
-21.2%

Summary: 72632 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.7%, 2 bedroom homes increased by 18.4%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 43.1%, and 5+ bedroom homes decreased by 21.2%.

Median Sold Price Compared To Nearby Zip Codes

72631
+16.1%
72632
+11.1%
72756
+9.4%
72740
+5.6%
72616
-12.2%

Housing Supply in 72632, AR

How many homes are available in 72632, AR?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
62620.0%

Summary: The 72632 real estate market had 62 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 45
+25.0%
2 2321
-8.7%
3 1719
+11.8%
4 1111
0.0%
5+ 76
-14.3%

Summary: The 72632 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 8.7%, 3 bedroom homes increased by 11.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
79+28.6%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 72632, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 72632 in November 2024, up by 28.6% month-over-month. Of the 9 sold homes, 89% were sold under asking, 11% were sold at asking, and 0% were sold over asking.

Days on Market for 72632, AR

How long does it take to sell a home in 72632, AR?

Average Sale Time

Nov 2023Nov 2024CHANGE
139 Days114 Days-18.0%

Summary: Homes in 72632 had an average of 114 days on market in Nov 2024, down by 18% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 72632 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 9 homes were sold in 72632; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% 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

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