$5,046 Closing Credit*
$424,900
2,447 SqFt
4 Beds
•3 Full Baths
Listing Office: Keller Williams Platinum Realty
Is Fort Smith, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Fort Smith has remained a Seller's Market.
Key Takeaway
Fort Smith is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fort Smith, AR
How much do homes in Fort Smith, AR cost?
Median Sold Price
$315,900
$140/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$99,275(+45.8%)
Key Takeaway
Homes in Fort Smith have sold for 45.8% more than they did a month ago.
Summary: The median home sold price in Fort Smith was $315,900 in October 2024, up 45.8% from last month, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $170K | $292.5K | +72.1% |
| 4 Bedrooms | $268K | $420K | +56.7% |
| 5+ Bedrooms | $620K | $1.0M | +61.3% |
Summary: Fort Smith 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 72.1%, 4 bedroom homes increased by 56.7%, and 5+ bedroom homes increased by 61.3%.
Median Sold Price Compared To Nearby Cities
| Fort Smith | $216.6K | $315.9K | +45.8% |
| Lon Norris Township | $700K | $555K | -20.7% |
Housing Supply in Fort Smith, AR
How many homes are available in Fort Smith, AR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 51 | 48 | -5.9% |
Summary: The Fort Smith real estate market had 48 homes for sale in October 2024, a 5.9% decrease 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 23 | 21 | -8.7% |
| 4 Bedrooms | 16 | 17 | +6.3% |
| 5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The Fort Smith 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 8.7%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Asking Price vs. Sold Price
5 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 Fort Smith, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Fort Smith in October 2024, down by 10.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.
Days on Market for Fort Smith, AR
How long does it take to sell a home in Fort Smith, AR?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 61 Days | +87.5% |
Summary: Homes in Fort Smith had an average of 61 days on market in Oct 2024, up by 87.5% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Fort Smith has remained consistent over time.
Summary: During October 2024, 9 homes were sold in Fort Smith; 22% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 33% 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.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Cooperative Arkansas REALTORS® Multiple Listing Services, Inc. Real estate listings, held by brokerage firms other than this broker, are marked with the Broker Reciprocity℠ logo and information about them includes the name of the listing brokers. The 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 data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Cooperative Arkansas Realtors MLS. All Rights Reserved.