Is Boone County, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Boone County is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Boone County was a Seller's Market.

Key Takeaway

Boone County 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 Boone County, AR

How much do homes in Boone County, AR cost?

Median Sold Price

$199,675

$137/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$1,025(+0.5%)

Key Takeaway

Homes in Boone County have sold for 0.5% more than they did a year ago.

Summary: The median home sold price in Boone County was $199,675 in November 2024, up 0.5% from last year, and the median price per square foot was $137.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $115K$93.7K
-18.5%
2 $139.5K$139.9K
0.3%
3 $190.5K$190K
-0.3%
4 $285.2K$267K
-6.4%
5+ $300K$365K
+21.7%

Summary: Boone County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.5%, 2 bedroom homes increased by 0.3%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes increased by 21.7%.

Median Sold Price Compared To Nearby Counties

Newton County
+9.0%
Carroll County
+4.6%
Boone County
0.5%

Housing Supply in Boone County, AR

How many homes are available in Boone County, AR?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
225214-4.9%

Summary: The Boone County real estate market had 214 homes for sale in November 2024, a 4.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 65
-16.7%
2 3736
-2.7%
3 100100
0.0%
4 5352
-1.9%
5+ 2921
-27.6%

Summary: The Boone County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 27.6%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3933-15.4%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Boone County, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 33 homes were sold or pending in Boone County in November 2024, down by 15.4% month-over-month. Of the 33 sold homes, 55% were sold under asking, 21% were sold at asking, and 24% were sold over asking.

Days on Market for Boone County, AR

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

Average Sale Time

Nov 2023Nov 2024CHANGE
88 Days75 Days-14.6%

Summary: Homes in Boone County had an average of 75 days on market in Nov 2024, down by 14.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

25 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Boone County has remained consistent over time.

Summary: During November 2024, 33 homes were sold in Boone County; 3% of homes were sold within 30 days, 76% of homes were sold within 30 to 90 days, and 18% 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 2 Days Ago

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