$10,000 Closing Credit*
$1,103,272
3,945 SqFt
4 Beds
•3 Full Baths, 1 Partial
Listing Office: Buffington Homes of Arkansas
Is 72718, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$630,000
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$50,100(+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 $630,000 in November 2024, up 8.6% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | - | N/A |
| 2 Bedrooms | $520K | $701.8K | +35.0% |
| 3 Bedrooms | $382.4K | $420K | +9.8% |
| 4 Bedrooms | $599.9K | $632.2K | +5.4% |
| 5+ Bedrooms | $872.4K | $951K | +9.0% |
Summary: 72718 housing prices by bedroom type for November 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 9.8%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 9%.
Housing Supply in 72718, AR
How many homes are available in 72718, AR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 44 | 26 | -40.9% |
Summary: The 72718 real estate market had 26 homes for sale in November 2024, a 40.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 3 | -50.0% |
| 4 Bedrooms | 27 | 15 | -44.4% |
| 5+ Bedrooms | 10 | 7 | -30.0% |
Summary: The 72718 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 44.4%, and 5+ bedroom homes decreased by 30%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 7 | -65.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 72718, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 72718 in November 2024, down by 65.0% month-over-month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 54 Days | 65 Days | +20.0% |
Summary: Homes in 72718 had an average of 65 days on market in Nov 2024, up by 20% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 72718 has remained consistent over time.
Summary: During November 2024, 7 homes were sold in 72718; 0% of homes were sold within 30 days, 71% of homes were sold within 30 to 90 days, and 29% 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.