Arkansas’s real estate market exhibits a blend of affordability and evolving dynamics, reflecting both statewide trends and regional nuances. Here’s a comprehensive overview:
🏡 Statewide Market Overview
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Median Sale Price: In April 2025, the median home sale price in Arkansas was $266,700, marking a 4.3% increase compared to the previous year.
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Average Home Value: The average home value stood at $217,895, up 2.2% over the past year.
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Sales Volume: A total of 3,240 homes were sold in April 2025, representing a 2.6% decrease year-over-year.
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Days on Market: Homes spent a median of 51 days on the market, an increase of 9 days compared to April 2024.
📦 Inventory and Supply
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Active Listings: There were 15,654 homes for sale in April 2025, up 10.8% from the previous year.
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New Listings: The number of newly listed homes was 4,564, a 2.8% increase year-over-year.
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Months of Supply: The market had an average of 4 months of supply, indicating a shift towards a more balanced market.
📉 Market Dynamics
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Homes Sold Above List Price: Approximately 14.9% of homes sold above their list price, a 1.3 percentage point decrease from the previous year.
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Price Drops: About 26.1% of homes experienced price drops, up from 21.0% in April 2024.
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Sale-to-List Price Ratio: The average sale-to-list price ratio was 97.2%, a slight decrease of 0.25 percentage points year-over-year.
🌆 Regional Highlights
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Northwest Arkansas: The median home sale price in Northwest Arkansas stood at $370,000 as of March 2025, with Benton County’s average sale price for single-family homes reaching $449,750.
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Little Rock: The average home value in Little Rock was $214,483, up 1.0% over the past year.
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Pine Bluff: Despite being the fastest-shrinking city in America, Pine Bluff saw homes selling for as low as $400 due to tax auctions. However, the median list price in July 2024 was $228,000, down 8.6% year-over-year.
đź”® Market Outlook
Arkansas’s housing market in 2025 is characterized by affordability, increased inventory, and longer days on market. While certain regions like Northwest Arkansas experience higher price points due to demand, areas like Pine Bluff present opportunities for investors and first-time buyers. Overall, the market is transitioning towards a more balanced state, offering both challenges and opportunities for buyers and sellers alike.