$2,800,000
1,942 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Southern Tradition Real Estate, LLC
Is 72740, 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, 72740 was a Seller's Market.
Key Takeaway
72740 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 72740, AR
How much do homes in 72740, AR cost?
Median Sold Price
$228,500
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,750(+1.2%)
Key Takeaway
Homes in 72740 have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in 72740 was $228,500 in October 2024, up 1.2% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $162.3K | +35.3% |
| 2 Bedrooms | $190K | $187.5K | -1.3% |
| 3 Bedrooms | $208K | $225K | +8.2% |
| 4 Bedrooms | $324.2K | $287.5K | -11.3% |
| 5+ Bedrooms | $307K | $442.5K | +44.1% |
Summary: 72740 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.3%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 11.3%, and 5+ bedroom homes increased by 44.1%.
Housing Supply in 72740, AR
How many homes are available in 72740, AR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 43 | +7.5% |
Summary: The 72740 real estate market had 43 homes for sale in October 2024, a 7.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 18 | 18 | 0.0% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 72740 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 40%, 3 bedroom homes remained the same, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 72740, 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 72740 in October 2024, up by 40.0% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for 72740, AR
How long does it take to sell a home in 72740, AR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 60 Days | 153 Days | +152.7% |
Summary: Homes in 72740 had an average of 153 days on market in Oct 2024, up by 152.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 72740 has remained consistent over time.
Summary: During October 2024, 7 homes were sold in 72740; 0% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
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.