$2,375 Closing Credit*
$199,999
2,072 SqFt
3 Beds
•2 Full Baths
#24042152, Diana Dugan, Listing Office: Vision Realty
Is Mena, 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, Mena has remained a Buyer's Market.
Key Takeaway
Mena is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mena, AR
How much do homes in Mena, AR cost?
Median Sold Price
$190,000
$125/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$36,000(+23.4%)
Key Takeaway
Homes in Mena have sold for 23.4% more than they did a month ago.
Summary: The median home sold price in Mena was $190,000 in October 2024, up 23.4% from last month, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $140K | $180K | +28.6% |
| 3 Bedrooms | $213.7K | $170K | -20.5% |
| 4 Bedrooms | $104.2K | $192.5K | +84.7% |
| 5+ Bedrooms | - | $1.0M | N/A |
Summary: Mena 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 increased by 28.6%, 3 bedroom homes decreased by 20.5%, 4 bedroom homes increased by 84.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Center Township | $134.5K | $195K | +45.0% |
| Mena | $154K | $190K | +23.4% |
Housing Supply in Mena, AR
How many homes are available in Mena, AR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 115 | 121 | +5.2% |
Summary: The Mena real estate market had 121 homes for sale in October 2024, a 5.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 22 | 21 | -4.5% |
| 3 Bedrooms | 59 | 65 | +10.2% |
| 4 Bedrooms | 23 | 21 | -8.7% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Mena 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 decreased by 4.5%, 3 bedroom homes increased by 10.2%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 11 | -26.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mena, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Mena in October 2024, down by 26.7% month-over-month. Of the 11 sold homes, 82% were sold under asking, 18% were sold at asking, and 0% were sold over asking.
Days on Market for Mena, 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.