$596,000
3.69 Acres
Land
Listing Office: Warnock Real Estate NWA
Is Alma, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Alma has remained a Seller's Market.
Key Takeaway
Alma is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Alma, AR
How much do homes in Alma, AR cost?
Median Sold Price
$295,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+7.3%)
Key Takeaway
Homes in Alma have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Alma was $295,000 in October 2024, up 7.3% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $213.3K | N/A |
| 2 Bedrooms | $142.4K | $177K | +24.3% |
| 3 Bedrooms | $225.3K | $265K | +17.6% |
| 4 Bedrooms | $382.4K | $380K | -0.6% |
| 5+ Bedrooms | - | $451K | N/A |
Summary: Alma housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24.3%, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Alma | $275K | $295K | +7.3% |
| Alma Township | $276.6K | $280K | +1.2% |
Housing Supply in Alma, AR
How many homes are available in Alma, AR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Summary: The Alma real estate market had 10 homes for sale in October 2024, a 66.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 0 | 2 | +100.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Alma 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 increased by 100%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Alma, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Alma in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Alma, AR
How long does it take to sell a home in Alma, AR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 46 Days | +35.3% |
Summary: Homes in Alma had an average of 46 days on market in Oct 2024, up by 35.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Alma are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Alma; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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.