$3,086 Closing Credit*
$259,900
1,456 SqFt
Listing Office: Coldwell Banker Harris McHaney & Faucette -Fayette
Is West Fork, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, West Fork was a Buyer's Market.
Key Takeaway
West Fork is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Fork, AR
How much do homes in West Fork, AR cost?
Median Sold Price
$243,950
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
-$15,050(-5.8%)
Key Takeaway
Homes in West Fork have sold for 5.8% less than they did a year ago.
Summary: The median home sold price in West Fork was $243,950 in August 2024, down 5.8% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $249.5K | $76.6K | -69.3% |
| 2 Bedrooms | $244.2K | $171.5K | -29.8% |
| 3 Bedrooms | $229.9K | $268K | +16.6% |
| 4 Bedrooms | $305K | $205K | -32.8% |
| 5+ Bedrooms | $397.5K | $207.5K | -47.8% |
Summary: West Fork housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 69.3%, 2 bedroom homes decreased by 29.8%, 3 bedroom homes increased by 16.6%, 4 bedroom homes decreased by 32.8%, and 5+ bedroom homes decreased by 47.8%.
Median Sold Price Compared To Nearby Cities
| Greenland Township | $269K | $305K | +13.4% |
| West Fork | $259K | $243.9K | -5.8% |
| West Fork Township | $259.5K | $243.9K | -6.0% |
Housing Supply in West Fork, AR
How many homes are available in West Fork, AR?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 37 | 43 | +16.2% |
Summary: The West Fork real estate market had 43 homes for sale in August 2024, a 16.2% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 5 | 8 | +60.0% |
| 3 Bedrooms | 22 | 24 | +9.1% |
| 4 Bedrooms | 4 | 8 | +100.0% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The West Fork housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in West Fork, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in West Fork in August 2024, up by 25.0% month-over-month. Of the 10 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 47 Days | 70 Days | +49.6% |
Summary: Homes in West Fork had an average of 70 days on market in Aug 2024, up by 49.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in West Fork has remained consistent over time.
Summary: During August 2024, 10 homes were sold in West Fork; 10% of homes were sold within 30 days, 70% of homes were sold within 30 to 90 days, and 10% 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.
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.