$2,043 Closing Credit*
$172,000
2,312 SqFt
3 Beds
•2 Full Baths, 1 Partial
#24042243, Megan Boyce, Listing Office: Century 21 Parker & Scroggins Realty - Sheridan
Is McGehee, 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, McGehee has remained a Seller's Market.
Key Takeaway
McGehee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in McGehee, AR
How much do homes in McGehee, AR cost?
Median Sold Price
$133,500
$57/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$21,250(+18.9%)
Key Takeaway
Homes in McGehee have sold for 18.9% more than they did a month ago.
Summary: The median home sold price in McGehee was $133,500 in October 2024, up 18.9% from last month, and the median price per square foot was $57.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $32K | - | N/A |
| 3 Bedrooms | - | $133.5K | N/A |
| 4 Bedrooms | $192.5K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: McGehee 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| McGehee | $112.2K | $133.5K | +18.9% |
| Bowie Township | $112.2K | $133.5K | +18.9% |
| Mc Gehee | $112.2K | $133.5K | +18.9% |
Housing Supply in McGehee, AR
How many homes are available in McGehee, AR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Summary: The McGehee real estate market had 5 homes for sale in October 2024, a 28.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The McGehee 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in McGehee, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in McGehee in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for McGehee, 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.