$4,393 Closing Credit*
$369,900
1,883 SqFt
3 Beds
•2 Full Baths
Listing Office: Legend Realty Inc
Is Prairie Grove Township, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Prairie Grove Township was a Seller's Market.
Key Takeaway
Prairie Grove Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Prairie Grove Township, AR
How much do homes in Prairie Grove Township, AR cost?
Median Sold Price
$312,000
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,000(+5.8%)
Key Takeaway
Homes in Prairie Grove Township have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Prairie Grove Township was $312,000 in October 2024, up 5.8% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $431K | $210K | -51.3% |
| 2 Bedrooms | $196.9K | $200K | +1.5% |
| 3 Bedrooms | $272.5K | $291.2K | +6.9% |
| 4 Bedrooms | $345.8K | $339.9K | -1.7% |
| 5+ Bedrooms | $747.5K | $629.5K | -15.8% |
Summary: Prairie Grove Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 51.3%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 6.9%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes decreased by 15.8%.
Median Sold Price Compared To Nearby Cities
| Prairie Grove Township | $295K | $312K | +5.8% |
| Prairie Grove | $295K | $312K | +5.8% |
| Farmington Township | $314.7K | $330K | +4.9% |
| Farmington | $314.7K | $330K | +4.9% |
Housing Supply in Prairie Grove Township, AR
How many homes are available in Prairie Grove Township, AR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 111 | 110 | -0.9% |
Summary: The Prairie Grove Township real estate market had 110 homes for sale in October 2024, a 0.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 61 | 61 | 0.0% |
| 4 Bedrooms | 36 | 35 | -2.8% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Prairie Grove Township 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 13 | -55.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Prairie Grove Township, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Prairie Grove Township in October 2024, down by 55.2% month-over-month. Of the 13 sold homes, 46% were sold under asking, 46% were sold at asking, and 8% were sold over asking.
Days on Market for Prairie Grove Township, AR
How long does it take to sell a home in Prairie Grove Township, AR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 64 Days | 94 Days | +45.7% |
Summary: Homes in Prairie Grove Township had an average of 94 days on market in Oct 2024, up by 45.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Prairie Grove Township has remained consistent over time.
Summary: During October 2024, 13 homes were sold in Prairie Grove Township; 15% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 38% 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.