$3,444 Closing Credit*
$290,000
1,138 SqFt
2 Beds
•2 Full Baths, 1 Partial
Listing Office: McNaughton Real Estate
Is West 62, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, West 62 has remained a Seller's Market.
Key Takeaway
West 62 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West 62, AR
How much do homes in West 62, AR cost?
Median Sold Price
$290,000
$218/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since September 2023.
Key Takeaway
The sold price of homes in West 62 has remained the same since last year.
Summary: The median home sold price in West 62 was $290,000 in September 2024, the same as last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $215K | N/A |
| 2 Bedrooms | $297.5K | $291.7K | -1.9% |
| 3 Bedrooms | $257.5K | $265K | +2.9% |
| 4 Bedrooms | $532.2K | - | N/A |
| 5+ Bedrooms | - | $620.5K | N/A |
Summary: West 62 housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 2.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in West 62, AR
How many homes are available in West 62, AR?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Summary: The West 62 real estate market had 12 homes for sale in September 2024, a 7.7% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The West 62 housing inventory by bedroom type for September 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 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West 62, 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 West 62 in September 2024, up by 66.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.
Days on Market for West 62, AR
How long does it take to sell a home in West 62, AR?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 294 Days | 59 Days | -79.8% |
Summary: Homes in West 62 had an average of 59 days on market in Sep 2024, down by 79.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in West 62 has remained consistent over time.
Summary: During September 2024, 5 homes were sold in West 62; 0% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 20% 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.