$250,000
7.55 Acres
Land
Listing Office: Epique Realty
Is Gravette, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Gravette has remained a Seller's Market.
Key Takeaway
Gravette is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gravette, AR
How much do homes in Gravette, AR cost?
Median Sold Price
$355,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,000(+9.2%)
Key Takeaway
Homes in Gravette have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in Gravette was $355,000 in November 2024, up 9.2% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $144.5K | - | N/A |
| 2 Bedrooms | $187.7K | $230K | +22.5% |
| 3 Bedrooms | $299.9K | $263.2K | -12.2% |
| 4 Bedrooms | $390K | $442.5K | +13.5% |
| 5+ Bedrooms | $712.5K | $623.7K | -12.5% |
Summary: Gravette housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.5%, 3 bedroom homes decreased by 12.2%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes decreased by 12.5%.
Housing Supply in Gravette, AR
How many homes are available in Gravette, AR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 46 | 50 | +8.7% |
Summary: The Gravette real estate market had 50 homes for sale in November 2024, a 8.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 19 | 19 | 0.0% |
| 4 Bedrooms | 16 | 19 | +18.8% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Gravette housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Gravette, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Gravette in November 2024, up by 50.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 44% were sold at asking, and 11% were sold over asking.
Days on Market for Gravette, AR
How long does it take to sell a home in Gravette, AR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 77 Days | 102 Days | +32.1% |
Summary: Homes in Gravette had an average of 102 days on market in Nov 2024, up by 32.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Gravette has remained consistent over time.
Summary: During November 2024, 9 homes were sold in Gravette; 0% of homes were sold within 30 days, 78% of homes were sold within 30 to 90 days, and 22% 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.