$130,000
2.71 Acres
Land
Listing Office: 5R Real Estate LLC
Is Prairie Grove, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Prairie Grove was a Buyer's Market.
Key Takeaway
Prairie Grove 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 Prairie Grove, AR
How much do homes in Prairie Grove, AR cost?
Median Sold Price
$315,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$20,050(+6.8%)
Key Takeaway
Homes in Prairie Grove have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Prairie Grove was $315,000 in December 2024, up 6.8% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $750K | $270K | -64.0% |
| 2 Bedrooms | $200K | $205K | +2.5% |
| 3 Bedrooms | $272.5K | $295K | +8.3% |
| 4 Bedrooms | $342.6K | $349K | +1.9% |
| 5+ Bedrooms | $665K | $619.9K | -6.8% |
Summary: Prairie Grove housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 64%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 6.8%.
Median Sold Price Compared To Nearby Cities
| Prairie Grove | $294.9K | $315K | +6.8% |
| Prairie Grove Township | $294.9K | $315K | +6.8% |
| Farmington Township | $315K | $334.5K | +6.2% |
| Farmington | $315K | $334.5K | +6.2% |
Housing Supply in Prairie Grove, AR
How many homes are available in Prairie Grove, AR?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 106 | 92 | -13.2% |
Summary: The Prairie Grove real estate market had 92 homes for sale in December 2024, a 13.2% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 64 | 54 | -15.6% |
| 4 Bedrooms | 30 | 28 | -6.7% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Prairie Grove housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 15.6%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 18 | 15 | -16.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Prairie Grove, expect to pay close to the asking price. 53.3% of homes here sold near the asking price last month.
Summary: A total of 15 homes were sold or pending in Prairie Grove in December 2024, down by 16.7% month-over-month. Of the 15 sold homes, 40% were sold under asking, 53% were sold at asking, and 7% were sold over asking.
Days on Market for Prairie Grove, AR
How long does it take to sell a home in Prairie Grove, AR?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 46 Days | 110 Days | +135.7% |
Summary: Homes in Prairie Grove had an average of 110 days on market in Dec 2024, up by 135.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Prairie Grove are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During December 2024, 15 homes were sold in Prairie Grove; 0% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 53% 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 © 2025 Northwest Arkansas Board of Realtors All rights reserved.