$56,000
1.99 Acres
Land
#24045895, Enith Sensabaugh, Listing Office: Choice Realty
Is Independence County, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Independence County was a Seller's Market.
Key Takeaway
Independence 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 Independence County, AR
How much do homes in Independence County, AR cost?
Median Sold Price
$169,950
$109/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$7,450(+4.6%)
Key Takeaway
Homes in Independence County have sold for 4.6% more than they did a month ago.
Summary: The median home sold price in Independence County was $169,950 in November 2024, up 4.6% from last month, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $90K | N/A |
| 2 Bedrooms | $107K | $120K | +12.1% |
| 3 Bedrooms | $164K | $185K | +12.8% |
| 4 Bedrooms | $192.4K | $415K | +115.6% |
| 5+ Bedrooms | $160K | $200K | +25.0% |
Summary: Independence County housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 115.6%, and 5+ bedroom homes increased by 25%.
Median Sold Price Compared To Nearby Counties
| Lawrence County | $134.6K | $174K | +29.2% |
| Independence County | $162.5K | $169.9K | +4.6% |
| Cleburne County | $300K | $309.2K | +3.1% |
| Sharp County | $126.7K | $120K | -5.3% |
Housing Supply in Independence County, AR
How many homes are available in Independence County, AR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 93 | 81 | -12.9% |
Summary: The Independence County real estate market had 81 homes for sale in November 2024, a 12.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 15 | 11 | -26.7% |
| 3 Bedrooms | 47 | 38 | -19.1% |
| 4 Bedrooms | 20 | 21 | +5.0% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Independence County 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 decreased by 26.7%, 3 bedroom homes decreased by 19.1%, 4 bedroom homes increased by 5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 14 | -26.3% |
Asking Price vs. Sold Price
9 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 Independence County, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Independence County in November 2024, down by 26.3% month-over-month. Of the 11 sold homes, 82% were sold under asking, 9% were sold at asking, and 9% were sold over asking.
Days on Market for Independence County, AR
We’re sorry, we don't have information for this market at the moment
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.