Is West Fork, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Fork is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, West Fork was a Seller's Market.

Key Takeaway

West Fork is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in West Fork, AR

How much do homes in West Fork, AR cost?

Median Sold Price

$280,000

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$50,100(+21.8%)

Key Takeaway

Homes in West Fork have sold for 21.8% more than they did a year ago.

Summary: The median home sold price in West Fork was $280,000 in December 2024, up 21.8% from last year, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $172.4K$67.5K
-60.8%
2 $165K$200K
+21.2%
3 $228.2K$279.9K
+22.7%
4 $287.5K$460K
+60.0%
5+ -$280K
N/A

Summary: West Fork housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 60.8%, 2 bedroom homes increased by 21.2%, 3 bedroom homes increased by 22.7%, 4 bedroom homes increased by 60%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

West Fork
+21.8%
West Fork Township
+21.8%
Greenland Township
+5.5%

Housing Supply in West Fork, AR

How many homes are available in West Fork, AR?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3528-20.0%

Summary: The West Fork real estate market had 28 homes for sale in December 2024, a 20.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 2016
-20.0%
4 76
-14.3%
5+ 43
-25.0%

Summary: The West Fork housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
73-57.1%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Fork, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in West Fork in December 2024, down by 57.1% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for West Fork, AR

How long does it take to sell a home in West Fork, AR?

Average Sale Time

Dec 2023Dec 2024CHANGE
72 Days136 Days+88.9%

Summary: Homes in West Fork had an average of 136 days on market in Dec 2024, up by 88.9% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in West Fork are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 3 homes were sold in West Fork; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in West Fork, AR

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