Is Lake City Township, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lake City Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Lake City Township has remained a Seller's Market.

Key Takeaway

Lake City Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lake City Township, AR

How much do homes in Lake City Township, AR cost?

Median Sold Price

$196,650

$139/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$71,700(+57.4%)

Key Takeaway

Homes in Lake City Township have sold for 57.4% more than they did a month ago.

Summary: The median home sold price in Lake City Township was $196,650 in October 2024, up 57.4% from last month, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $107.5K$100K
-7.0%
3 $119.9K$201K
+67.6%
4 $215K-
N/A
5+ -$100K
N/A

Summary: Lake City Township 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 decreased by 7%, 3 bedroom homes increased by 67.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Lake City Township
+57.4%
Lake City
+57.4%
Black Oak Township
+23.4%
Buffalo Township
-87.6%

Housing Supply in Lake City Township, AR

How many homes are available in Lake City Township, AR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1715-11.8%

Summary: The Lake City Township real estate market had 15 homes for sale in October 2024, a 11.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 42
-50.0%
3 89
+12.5%
4 33
0.0%
5+ 11
0.0%

Summary: The Lake City Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
47+75.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lake City Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in Lake City Township in October 2024, up by 75.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.

Days on Market for Lake City Township, AR

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in Lake City Township, AR

Nearby Markets to Lake City Township, AR