$8,164 Closing Credit*
$687,500
2,956 SqFt
4 Beds
•3 Full Baths, 1 Partial
Listing Office: Gabel Realty
Is 72718, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 72718 has remained a Seller's Market.
Key Takeaway
72718 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 72718, AR
How much do homes in 72718, AR cost?
Median Sold Price
$629,900
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$50,000(+8.6%)
Key Takeaway
Homes in 72718 have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in 72718 was $629,900 in October 2024, up 8.6% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | - | N/A |
| 2 Bedrooms | $520K | $701.8K | +35.0% |
| 3 Bedrooms | $377K | $420K | +11.4% |
| 4 Bedrooms | $599.4K | $632.2K | +5.5% |
| 5+ Bedrooms | $831.9K | $924.9K | +11.2% |
Summary: 72718 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 35%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 11.2%.
Housing Supply in 72718, AR
How many homes are available in 72718, AR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 48 | 41 | -14.6% |
Summary: The 72718 real estate market had 41 homes for sale in October 2024, a 14.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 30 | 22 | -26.7% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The 72718 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 decreased by 50%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 19 | +58.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 72718, you may be able to get a good deal. 42.1% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in 72718 in October 2024, up by 58.3% month-over-month. Of the 19 sold homes, 42% were sold under asking, 37% were sold at asking, and 21% were sold over asking.
Days on Market for 72718, AR
How long does it take to sell a home in 72718, AR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 43 Days | 98 Days | +124.8% |
Summary: Homes in 72718 had an average of 98 days on market in Oct 2024, up by 124.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 72718 has remained consistent over time.
Summary: During October 2024, 19 homes were sold in 72718; 5% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 47% 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.