$1,368 Closing Credit*
$115,188
1,300 SqFt
3 Beds
•2 Full Baths
#24041763, Walt Dickinson, Listing Office: RE/MAX Affiliates 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 October 2023
Since last year, 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
$191,500
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$7,500(-3.8%)
Key Takeaway
Homes in Westwood Pecan Lake have sold for 3.8% less than they did a year ago.
Summary: The median home sold price in Westwood Pecan Lake was $191,500 in October 2024, down 3.8% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $127.5K | N/A |
| 3 Bedrooms | $193.7K | $190K | -1.9% |
| 4 Bedrooms | $260K | $243.9K | -6.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: Westwood Pecan Lake housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes did not change.
Housing Supply in Westwood Pecan Lake, AR
How many homes are available in Westwood Pecan Lake, AR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 17 | -10.5% |
Summary: The Westwood Pecan Lake real estate market had 17 homes for sale in October 2024, a 10.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Westwood Pecan Lake 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 decreased by 50%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westwood Pecan Lake, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Westwood Pecan Lake in October 2024, up by 50.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% 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.