$8,075 Closing Credit*
$680,000
2,028 SqFt
4 Beds
•3 Full Baths
Listing Office: Fathom Realty
Is 72740, 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, 72740 has remained a Neutral 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
$225,500
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,000(+5.6%)
Key Takeaway
Homes in 72740 have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in 72740 was $225,500 in November 2024, up 5.6% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $165.6K | +38.0% |
| 2 Bedrooms | $200K | $187.5K | -6.3% |
| 3 Bedrooms | $205K | $225K | +9.8% |
| 4 Bedrooms | $309.5K | $290K | -6.3% |
| 5+ Bedrooms | $283.4K | $650K | +129.3% |
Summary: 72740 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 9.8%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 129.3%.
Housing Supply in 72740, AR
How many homes are available in 72740, AR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 45 | 51 | +13.3% |
Summary: The 72740 real estate market had 51 homes for sale in November 2024, a 13.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 18 | 26 | +44.4% |
| 4 Bedrooms | 15 | 14 | -6.7% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 72740 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 decreased by 25%, 3 bedroom homes increased by 44.4%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 72740, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 72740 in November 2024, up by 14.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 55 Days | 32 Days | -42.3% |
Summary: Homes in 72740 had an average of 32 days on market in Nov 2024, down by 42.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 72740 has remained consistent over time.
Summary: During November 2024, 8 homes were sold in 72740; 38% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 0% 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.