Is 72701, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 72701 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 72701 has remained a Seller's Market.

Key Takeaway

72701 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 72701, AR

How much do homes in 72701, AR cost?

Median Sold Price

$410,000

$215/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$29,916(+7.9%)

Key Takeaway

Homes in 72701 have sold for 7.9% more than they did a year ago.

Summary: The median home sold price in 72701 was $410,000 in October 2024, up 7.9% from last year, and the median price per square foot was $215.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $252.4K$300K
+18.8%
2 $351.2K$375K
+6.8%
3 $335.3K$331.3K
-1.2%
4 $424K$549.2K
+29.5%
5+ $750K$652.5K
-13.0%

Summary: 72701 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.8%, 2 bedroom homes increased by 6.8%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 29.5%, and 5+ bedroom homes decreased by 13%.

Median Sold Price Compared To Nearby Zip Codes

72701
+7.9%
72727
+5.7%
72703
+5.2%
72774
+5.1%
72730
+4.9%

Housing Supply in 72701, AR

How many homes are available in 72701, AR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
215228+6.0%

Summary: The 72701 real estate market had 228 homes for sale in October 2024, a 6.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 45
+25.0%
2 2935
+20.7%
3 101114
+12.9%
4 6155
-9.8%
5+ 2019
-5.0%

Summary: The 72701 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 20.7%, 3 bedroom homes increased by 12.9%, 4 bedroom homes decreased by 9.8%, and 5+ bedroom homes decreased by 5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4246+9.5%

Asking Price vs. Sold Price

32 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 72701, you may be able to get a good deal. 69.6% of homes here sold below asking price last month.

Summary: A total of 46 homes were sold or pending in 72701 in October 2024, up by 9.5% month-over-month. Of the 46 sold homes, 70% were sold under asking, 22% were sold at asking, and 9% were sold over asking.

Days on Market for 72701, AR

How long does it take to sell a home in 72701, AR?

Average Sale Time

Oct 2023Oct 2024CHANGE
70 Days91 Days+29.5%

Summary: Homes in 72701 had an average of 91 days on market in Oct 2024, up by 29.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

27 Homes Were Sold
In 30 - 90 Days

17 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 72701 has remained consistent over time.

Summary: During October 2024, 46 homes were sold in 72701; 4% of homes were sold within 30 days, 59% of homes were sold within 30 to 90 days, and 37% 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 72701, AR

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