$4,749 Closing Credit*
$399,900
2,100 SqFt
4 Beds
•2 Full Baths
#24044889, Brooke Wilson, Listing Office: Lotus Realty
Is Magness Township, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Magness Township was a Seller's Market.
Key Takeaway
Magness Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Magness Township, AR
How much do homes in Magness Township, AR cost?
Median Sold Price
$329,000
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$3,500(-1.1%)
Key Takeaway
Homes in Magness Township have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in Magness Township was $329,000 in November 2024, down 1.1% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $122K | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $257.4K | $270K | +4.9% |
| 4 Bedrooms | $395K | $352.5K | -10.8% |
| 5+ Bedrooms | $681K | $549.9K | -19.3% |
Summary: Magness Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes decreased by 19.3%.
Median Sold Price Compared To Nearby Cities
| Austin | $232.5K | $248.5K | +6.9% |
| Magness Township | $332.5K | $329K | -1.1% |
Housing Supply in Magness Township, AR
How many homes are available in Magness Township, AR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 48 | 60 | +25.0% |
Summary: The Magness Township real estate market had 60 homes for sale in November 2024, a 25.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 18 | 24 | +33.3% |
| 4 Bedrooms | 24 | 29 | +20.8% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Magness Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Magness Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Magness Township in November 2024, down by 14.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Magness Township, AR
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Cooperative Arkansas REALTORS® Multiple Listing Services, Inc. Real estate listings, held by brokerage firms other than this broker, are marked with the Broker Reciprocity℠ logo and information about them includes the name of the listing brokers. The IDX information is provided exclusively for consumers’ personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Cooperative Arkansas Realtors MLS. All Rights Reserved.