Is 72903, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 72903 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 72903 has remained a Seller's Market.

Key Takeaway

72903 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 72903, AR

How much do homes in 72903, AR cost?

Median Sold Price

$477,500

$140/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$209,500(+78.2%)

Key Takeaway

Homes in 72903 have sold for 78.2% more than they did a month ago.

Summary: The median home sold price in 72903 was $477,500 in October 2024, up 78.2% from last month, and the median price per square foot was $140.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $170K$278.7K
+64.0%
4 $268K$565K
+110.8%
5+ $540K$1.0M
+85.2%

Summary: 72903 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 64%, 4 bedroom homes increased by 110.8%, and 5+ bedroom homes increased by 85.2%.

Median Sold Price Compared To Nearby Zip Codes

72903
+78.2%
72908
+73.7%

Housing Supply in 72903, AR

How many homes are available in 72903, AR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2218-18.2%

Summary: The 72903 real estate market had 18 homes for sale in October 2024, a 18.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 65
-16.7%
4 108
-20.0%
5+ 54
-20.0%

Summary: The 72903 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 remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 72903, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 72903 in October 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for 72903, AR

How long does it take to sell a home in 72903, AR?

Average Sale Time

Sep 2024Oct 2024CHANGE
42 Days79 Days+89.3%

Summary: Homes in 72903 had an average of 79 days on market in Oct 2024, up by 89.3% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 72903 has remained consistent over time.

Summary: During October 2024, 4 homes were sold in 72903; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in 72903, AR

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