Is 72756, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 72756 has remained a Seller's Market.
Housing Prices in 72756, AR
How much do homes in 72756, AR cost?
Median Sold Price
$323,333
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 72756 was $323,333 in May 2024, up 4.4% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $174K | $219.9K | +26.4% |
2 Bedrooms | $215K | $249K | +15.8% |
3 Bedrooms | $290K | $310K | +6.9% |
4 Bedrooms | $465K | $452.5K | -2.7% |
5+ Bedrooms | $690K | $637.5K | -7.6% |
Summary: 72756 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.4%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 6.9%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 7.6%.
Housing Supply in 72756, AR
How many homes are available in 72756, AR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
203 | 218 | +7.4% |
Summary: The 72756 real estate market had 218 homes for sale in May 2024, a 7.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 21 | 22 | +4.8% |
3 Bedrooms | 93 | 88 | -5.4% |
4 Bedrooms | 70 | 86 | +22.9% |
5+ Bedrooms | 17 | 20 | +17.6% |
Summary: The 72756 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.8%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 22.9%, and 5+ bedroom homes increased by 17.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
37 | 58 | +56.8% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 58 homes were sold or pending in 72756 in May 2024, up by 56.8% month-over-month. Of the 58 sold homes, 47% were sold under asking, 38% were sold at asking, and 16% were sold over asking.
Days on Market for 72756, AR
How long does it take to sell a home in 72756, AR?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
65 Days | 91 Days | +40.4% |
Summary: Homes in 72756 had an average of 91 days on market in May 2024, up by 40.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Summary: During May 2024, 58 homes were sold in 72756; 17% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.