$830 Closing Credit*
$69,900
1,033 SqFt
3 Beds
•1 Full Bath
#24042181, Christy Robinson, Listing Office: Keller Williams Realty LR Branch
Is Oak Forest, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Oak Forest was a Buyer's Market.
Key Takeaway
Oak Forest 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 Oak Forest, AR
How much do homes in Oak Forest, AR cost?
Median Sold Price
$100,000
$86/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$20,000(-16.7%)
Key Takeaway
Homes in Oak Forest have sold for 16.7% less than they did a month ago.
Summary: The median home sold price in Oak Forest was $100,000 in October 2024, down 16.7% from last month, and the median price per square foot was $86.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $25K | N/A |
| 2 Bedrooms | $122K | - | N/A |
| 3 Bedrooms | $118K | $100K | -15.3% |
| 4 Bedrooms | - | $330K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Oak Forest 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 15.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Midway | $86.6K | $86K | -0.7% |
| Oak Forest | $120K | $100K | -16.7% |
Housing Supply in Oak Forest, AR
How many homes are available in Oak Forest, AR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 42 | +10.5% |
Summary: The Oak Forest real estate market had 42 homes for sale in October 2024, a 10.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 26 | 27 | +3.8% |
| 4 Bedrooms | 2 | 6 | +200.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Oak Forest 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 decreased by 11.1%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Oak Forest, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Oak Forest in October 2024, up by 75.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.
Days on Market for Oak Forest, AR
We’re sorry, we don't have information for this market at the moment
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