$8,000
0.49 Acres
Land
#24041223, Karen Dill, Listing Office: Dill Real Estate Company
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
$210,500
$139/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$42,000(-16.6%)
Key Takeaway
Homes in Lonoke have sold for 16.6% less than they did a month ago.
Summary: The median home sold price in Lonoke was $210,500 in October 2024, down 16.6% from last month, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $140K | N/A |
| 2 Bedrooms | - | $125K | N/A |
| 3 Bedrooms | $252.5K | $284.9K | +12.8% |
| 4 Bedrooms | $182.5K | $249.7K | +36.8% |
| 5+ Bedrooms | $320K | - | N/A |
Summary: Lonoke 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 12.8%, 4 bedroom homes increased by 36.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lonoke | $252.5K | $210.5K | -16.6% |
| Lonoke Township | $252.5K | $210.5K | -16.6% |
Housing Supply in Lonoke, AR
How many homes are available in Lonoke, AR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 40 | +11.1% |
Summary: The Lonoke real estate market had 40 homes for sale in October 2024, a 11.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 16 | 15 | -6.3% |
| 4 Bedrooms | 10 | 14 | +40.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Lonoke 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 increased by 40%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lonoke, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Lonoke in October 2024, up by 28.6% month-over-month. Of the 7 sold homes, 43% were sold under asking, 57% 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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