$425,000
5.00 Acres
Land
Listing Office: Smith and Associates Real Estate Services
Is Marrs Hill Township, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Marrs Hill Township has remained a Seller's Market.
Key Takeaway
Marrs Hill Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marrs Hill Township, AR
How much do homes in Marrs Hill Township, AR cost?
Median Sold Price
$379,500
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$30,500(-7.4%)
Key Takeaway
Homes in Marrs Hill Township have sold for 7.4% less than they did a year ago.
Summary: The median home sold price in Marrs Hill Township was $379,500 in November 2024, down 7.4% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $200K | $205K | +2.5% |
| 3 Bedrooms | $410K | $610K | +48.8% |
| 4 Bedrooms | $450K | $347.2K | -22.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: Marrs Hill 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 increased by 2.5%, 3 bedroom homes increased by 48.8%, 4 bedroom homes decreased by 22.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Center Township | $320.1K | $577.4K | +80.4% |
| Prairie Grove Township | $295K | $314.9K | +6.8% |
| Marrs Hill Township | $410K | $379.5K | -7.4% |
Housing Supply in Marrs Hill Township, AR
How many homes are available in Marrs Hill Township, AR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Summary: The Marrs Hill Township real estate market had 7 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Marrs Hill 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marrs Hill Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Marrs Hill Township in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Marrs Hill Township, AR
How long does it take to sell a home in Marrs Hill Township, AR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 48 Days | 51 Days | +5.2% |
Summary: Homes in Marrs Hill Township had an average of 51 days on market in Nov 2024, up by 5.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Marrs Hill Township has remained consistent over time.
Summary: During November 2024, 2 homes were sold in Marrs Hill Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: 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 the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright © 2024 Northwest Arkansas Board of Realtors All rights reserved.