$2,018 Closing Credit*
$169,900
3 Beds
•1 Full Bath
#24044376, Brook Knox, Listing Office: Knox Realty
Is Lonoke, 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, Lonoke has remained a Seller's Market.
Key Takeaway
Lonoke is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lonoke, AR
How much do homes in Lonoke, AR cost?
Median Sold Price
$174,500
$101/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$750(-0.4%)
Key Takeaway
The sold price of homes in Lonoke has remained the same since last month.
Summary: The median home sold price in Lonoke was $174,500 in November 2024, down 0.4% from last month, and the median price per square foot was $101.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | - | N/A |
| 2 Bedrooms | $80.5K | $75K | -6.8% |
| 3 Bedrooms | $249.9K | $194K | -22.4% |
| 4 Bedrooms | $210.5K | $95K | -54.9% |
| 5+ Bedrooms | - | $400K | N/A |
Summary: Lonoke 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 decreased by 6.8%, 3 bedroom homes decreased by 22.4%, 4 bedroom homes decreased by 54.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lonoke | $175.2K | $174.5K | -0.4% |
| Lonoke Township | $175.2K | $174.5K | -0.4% |
Housing Supply in Lonoke, AR
How many homes are available in Lonoke, AR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 35 | -10.3% |
Summary: The Lonoke real estate market had 35 homes for sale in November 2024, a 10.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 14 | 12 | -14.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Lonoke housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lonoke, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Lonoke in November 2024, down by 40.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for Lonoke, AR
We’re sorry, we don't have information for this market at the moment
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.