$5,105 Closing Credit*
$429,900
2,304 SqFt
4 Beds
•2 Full Baths
#24040942, Mark Lercher, Listing Office: RE/MAX Advantage
Is Quitman, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Quitman has remained a Seller's Market.
Key Takeaway
Quitman is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Quitman, AR
How much do homes in Quitman, AR cost?
Median Sold Price
$398,000
$159/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$203,308(+104.4%)
Key Takeaway
Homes in Quitman have sold for 104.4% more than they did a month ago.
Summary: The median home sold price in Quitman was $398,000 in October 2024, up 104.4% from last month, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $398K | N/A |
| 2 Bedrooms | $129K | $400K | +210.1% |
| 3 Bedrooms | $194.6K | $306K | +57.2% |
| 4 Bedrooms | $500K | $175K | -65.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: Quitman 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 increased by 210.1%, 3 bedroom homes increased by 57.2%, 4 bedroom homes decreased by 65%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Quitman | $194.6K | $398K | +104.4% |
| South Cadron Township | $189.5K | $287.5K | +51.7% |
| North Cadron Township | $136.6K | $135K | -1.2% |
Housing Supply in Quitman, AR
How many homes are available in Quitman, AR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 26 | +8.3% |
Summary: The Quitman real estate market had 26 homes for sale in October 2024, a 8.3% 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 | 4 | 5 | +25.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Quitman 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 increased by 25%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Quitman, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Quitman in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.
Days on Market for Quitman, 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.