$4,572 Closing Credit*
$385,000
1,872 SqFt
Listing Office: Coldwell Banker Harris McHaney & Faucette-Rogers
Is 72704, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 72704 was a Seller's Market.
Key Takeaway
72704 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 72704, AR
How much do homes in 72704, AR cost?
Median Sold Price
$338,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$4,553(+1.4%)
Key Takeaway
Homes in 72704 have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in 72704 was $338,000 in October 2024, up 1.4% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $166.5K | +7.4% |
| 2 Bedrooms | $262.2K | $278.5K | +6.2% |
| 3 Bedrooms | $309.9K | $315K | +1.6% |
| 4 Bedrooms | $427.6K | $425K | -0.6% |
| 5+ Bedrooms | $578.5K | $800K | +38.3% |
Summary: 72704 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.4%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 38.3%.
Housing Supply in 72704, AR
How many homes are available in 72704, AR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 206 | 188 | -8.7% |
Summary: The 72704 real estate market had 188 homes for sale in October 2024, a 8.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 14 | 15 | +7.1% |
| 3 Bedrooms | 118 | 111 | -5.9% |
| 4 Bedrooms | 58 | 46 | -20.7% |
| 5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The 72704 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.1%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 20.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 53 | 25 | -52.8% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 72704, you may be able to get a good deal. 64% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in 72704 in October 2024, down by 52.8% month-over-month. Of the 25 sold homes, 64% were sold under asking, 20% were sold at asking, and 16% were sold over asking.
Days on Market for 72704, AR
How long does it take to sell a home in 72704, AR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 82 Days | 85 Days | +4.3% |
Summary: Homes in 72704 had an average of 85 days on market in Oct 2024, up by 4.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 72704 has remained consistent over time.
Summary: During October 2024, 25 homes were sold in 72704; 12% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.
Disclaimer: 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 the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright © 2024 Northwest Arkansas Board of Realtors All rights reserved.
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.