$1,645 Closing Credit*
$138,500
1,126 SqFt
3 Beds
•1 Full Bath, 1 Partial
#24042191, Brook Knox, Listing Office: Knox Realty
Is Lonoke Township, 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 Township has remained a Seller's Market.
Key Takeaway
Lonoke Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lonoke Township, AR
How much do homes in Lonoke Township, 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 Township have sold for 16.6% less than they did a month ago.
Summary: The median home sold price in Lonoke Township 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 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 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 Township | $252.5K | $210.5K | -16.6% |
| Lonoke | $252.5K | $210.5K | -16.6% |
Housing Supply in Lonoke Township, AR
How many homes are available in Lonoke Township, AR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 40 | +11.1% |
Summary: The Lonoke Township 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 Township 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 Township, 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 Township 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 Township, 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.