$175,000
3.00 Acres
Land
#24045413, Connie Nutt, Listing Office: McKimmey Associates REALTORS NLR
Is Lonoke County, 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 County has remained a Seller's Market.
Key Takeaway
Lonoke County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lonoke County, AR
How much do homes in Lonoke County, AR cost?
Median Sold Price
$237,944
$150/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$2,944(+1.3%)
Key Takeaway
Homes in Lonoke County have sold for 1.3% more than they did a month ago.
Summary: The median home sold price in Lonoke County was $237,944 in November 2024, up 1.3% from last month, and the median price per square foot was $150.
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 | $227.8K | $211.5K | -7.2% |
| 4 Bedrooms | $243K | $322.5K | +32.7% |
| 5+ Bedrooms | $477.7K | $402.5K | -15.7% |
Summary: Lonoke 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 decreased by 6.8%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes increased by 32.7%, and 5+ bedroom homes decreased by 15.7%.
Median Sold Price Compared To Nearby Counties
| Jefferson County | $81.9K | $130K | +58.7% |
| Pulaski County | $232.5K | $242.3K | +4.2% |
| Lonoke County | $235K | $237.9K | +1.3% |
| White County | $203.9K | $192K | -5.9% |
| Prairie County | $123K | $103K | -16.3% |
Housing Supply in Lonoke County, AR
How many homes are available in Lonoke County, AR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 372 | 397 | +6.7% |
Summary: The Lonoke County real estate market had 397 homes for sale in November 2024, a 6.7% increase 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 | 14 | 18 | +28.6% |
| 3 Bedrooms | 191 | 199 | +4.2% |
| 4 Bedrooms | 144 | 156 | +8.3% |
| 5+ Bedrooms | 22 | 24 | +9.1% |
Summary: The Lonoke County 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 increased by 28.6%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 77 | 74 | -3.9% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lonoke County, you may be able to get a good deal. 47.3% of homes here sold below asking price last month.
Summary: A total of 74 homes were sold or pending in Lonoke County in November 2024, down by 3.9% month-over-month. Of the 74 sold homes, 47% were sold under asking, 38% were sold at asking, and 15% were sold over asking.
Days on Market for Lonoke County, 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.