$2,339 Closing Credit*
$197,000
1,550 SqFt
3 Beds
•2 Full Baths
#24044237, Caleigh Dumas, Listing Office: Edge Realty
Is Westwood Pecan Lake, 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, Westwood Pecan Lake has remained a Seller's Market.
Key Takeaway
Westwood Pecan Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Westwood Pecan Lake, AR
How much do homes in Westwood Pecan Lake, AR cost?
Median Sold Price
$225,000
$146/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$11,250(-4.8%)
Key Takeaway
Homes in Westwood Pecan Lake have sold for 4.8% less than they did a month ago.
Summary: The median home sold price in Westwood Pecan Lake was $225,000 in November 2024, down 4.8% from last month, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $227.5K | $185K | -18.7% |
| 4 Bedrooms | $249.9K | $302K | +20.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: Westwood Pecan Lake housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 18.7%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Westwood | $124.6K | $164K | +31.6% |
| Westwood Pecan Lake | $236.2K | $225K | -4.8% |
Housing Supply in Westwood Pecan Lake, AR
How many homes are available in Westwood Pecan Lake, AR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Summary: The Westwood Pecan Lake real estate market had 17 homes for sale in November 2024, a 6.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Westwood Pecan Lake housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Westwood Pecan Lake, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Westwood Pecan Lake in November 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Westwood Pecan Lake, 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.