Is 72714, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 72714 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 72714 has remained a Seller's Market.

Key Takeaway

72714 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 72714, AR

How much do homes in 72714, AR cost?

Median Sold Price

$351,566

$200/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$6,566(+1.9%)

Key Takeaway

Homes in 72714 have sold for 1.9% more than they did a year ago.

Summary: The median home sold price in 72714 was $351,566 in October 2024, up 1.9% from last year, and the median price per square foot was $200.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $259K$212.2K
-18.1%
2 $250K$275K
+10.0%
3 $335K$350K
+4.5%
4 $422.4K$446.4K
+5.7%
5+ $487.5K$527.5K
+8.2%

Summary: 72714 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.1%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 8.2%.

Median Sold Price Compared To Nearby Zip Codes

72712
+11.1%
72715
+2.8%
72714
+1.9%
72751
-1.0%

Housing Supply in 72714, AR

How many homes are available in 72714, AR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
146137-6.2%

Summary: The 72714 real estate market had 137 homes for sale in October 2024, a 6.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 3226
-18.8%
3 7976
-3.8%
4 3031
+3.3%
5+ 44
0.0%

Summary: The 72714 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 18.8%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4047+17.5%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 72714, you may be able to get a good deal. 46.8% of homes here sold below asking price last month.

Summary: A total of 47 homes were sold or pending in 72714 in October 2024, up by 17.5% month-over-month. Of the 47 sold homes, 47% were sold under asking, 36% were sold at asking, and 17% were sold over asking.

Days on Market for 72714, AR

How long does it take to sell a home in 72714, AR?

Average Sale Time

Oct 2023Oct 2024CHANGE
77 Days91 Days+17.5%

Summary: Homes in 72714 had an average of 91 days on market in Oct 2024, up by 17.5% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

23 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 72714 has remained consistent over time.

Summary: During October 2024, 47 homes were sold in 72714; 13% of homes were sold within 30 days, 49% of homes were sold within 30 to 90 days, and 36% 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 20 Days Ago

Newest Listings in 72714, AR

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