Is Mayflower, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mayflower is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Mayflower was a Seller's Market.

Key Takeaway

Mayflower is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Mayflower, AR

How much do homes in Mayflower, AR cost?

Median Sold Price

$210,000

$136/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$78,300(-27.2%)

Key Takeaway

Homes in Mayflower have sold for 27.2% less than they did a month ago.

Summary: The median home sold price in Mayflower was $210,000 in October 2024, down 27.2% from last month, and the median price per square foot was $136.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $220K-
N/A
3 $288.3K$210K
-27.2%
4 $615K-
N/A
5+ --
N/A

Summary: Mayflower 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 decreased by 27.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Cadron Township
-0.8%
Mayflower
-27.2%
Danley Township
-27.2%

Housing Supply in Mayflower, AR

How many homes are available in Mayflower, AR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
20200.0%

Summary: The Mayflower real estate market had 20 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 11
0.0%
3 1614
-12.5%
4 23
+50.0%
5+ 11
0.0%

Summary: The Mayflower housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
73-57.1%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mayflower, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Mayflower in October 2024, down by 57.1% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Mayflower, AR

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Mayflower, AR

Nearby Markets to Mayflower, AR

What housing markets are near Mayflower, AR?