$3,039 Closing Credit*
$255,950
1,143 SqFt
3 Beds
•2 Full Baths
Listing Office: Rausch Coleman Realty Group, LLC
Is Pea Ridge, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Pea Ridge was a Buyer's Market.
Key Takeaway
Pea Ridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pea Ridge, AR
How much do homes in Pea Ridge, AR cost?
Median Sold Price
$369,571
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$8,558(+2.4%)
Key Takeaway
Homes in Pea Ridge have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Pea Ridge was $369,571 in November 2024, up 2.4% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $299K | N/A |
| 2 Bedrooms | $175K | $195K | +11.4% |
| 3 Bedrooms | $300K | $315.7K | +5.2% |
| 4 Bedrooms | $412.4K | $418K | +1.4% |
| 5+ Bedrooms | $397K | $396.8K | 0% |
Summary: Pea Ridge 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 increased by 11.4%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes did not change.
Housing Supply in Pea Ridge, AR
How many homes are available in Pea Ridge, AR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 136 | 119 | -12.5% |
Summary: The Pea Ridge real estate market had 119 homes for sale in November 2024, a 12.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 61 | 48 | -21.3% |
| 4 Bedrooms | 69 | 65 | -5.8% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Pea Ridge 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 remained the same, 3 bedroom homes decreased by 21.3%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 36 | -2.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pea Ridge, expect to pay close to the asking price. 52.8% of homes here sold near the asking price last month.
Summary: A total of 36 homes were sold or pending in Pea Ridge in November 2024, down by 2.7% month-over-month. Of the 36 sold homes, 33% were sold under asking, 53% were sold at asking, and 14% were sold over asking.
Days on Market for Pea Ridge, AR
How long does it take to sell a home in Pea Ridge, AR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 107 Days | 122 Days | +13.6% |
Summary: Homes in Pea Ridge had an average of 122 days on market in Nov 2024, up by 13.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Pea Ridge has remained consistent over time.
Summary: During November 2024, 36 homes were sold in Pea Ridge; 11% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.
Disclaimer: 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 the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright © 2024 Northwest Arkansas Board of Realtors All rights reserved.