$1,769 Closing Credit*
$149,000
1,074 SqFt
3 Beds
•1 Full Bath
#24044995, Bridgett Kesterson, Listing Office: Ouachita Hometown Realtors
Is Mena, 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, 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
$170,000
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$8,000(+4.9%)
Key Takeaway
Homes in Mena have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Mena was $170,000 in November 2024, up 4.9% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $185.6K | N/A |
| 2 Bedrooms | $212.5K | $128K | -39.8% |
| 3 Bedrooms | $162K | $171.2K | +5.7% |
| 4 Bedrooms | $372K | $205K | -44.9% |
| 5+ Bedrooms | - | $270K | N/A |
Summary: Mena 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 decreased by 39.8%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 44.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Mena | $162K | $170K | +4.9% |
| Center Township | $162K | $154.7K | -4.5% |
Housing Supply in Mena, AR
How many homes are available in Mena, AR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 117 | 113 | -3.4% |
Summary: The Mena real estate market had 113 homes for sale in November 2024, a 3.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 21 | 19 | -9.5% |
| 3 Bedrooms | 62 | 63 | +1.6% |
| 4 Bedrooms | 21 | 19 | -9.5% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Mena 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 decreased by 9.5%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Asking Price vs. Sold Price
6 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 Mena, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Mena in November 2024, down by 9.1% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% 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.