Arkansas Housing Market
Home prices in Arkansas were up 6.1% year-over-year in September. At the same time, the number of homes sold fell 15.5% and the number of homes for sale rose 8.1%.
State of Arkansas Real Estate and Beyond (from Redfin)
Dated: October 26 2023
Views: 7
Arkansas Housing Market Overview
What is the housing market like right now?
Based on Redfin calculations of home data from MLS and/or public records.
What does this mean?
The direction and pace at which home prices are changing are indicators of the strength of the housing market and whether homes are becoming more or less affordable. The median price of a home in the United States is currently $255,700.
Location
Data
Sep 2023
Growth
% YoY
Arkansas
$255,700
+6.1%
Top 10 Metros in Arkansas with the Fastest Growing Sales Price
- Jacksonville, AR35.3%
- Jonesboro, AR26.9%
- Bryant, AR25.5%
Arkansas Housing Supply
Are there enough homes for sale to meet buyer demand?
Based on Redfin calculations of home data from MLS and/or public records.
What does this mean?
The direction and pace at which housing supply changes indicate whether the options for buyers are increasing or decreasing. They can also indicate whether homes are lingering on the market or being sold faster than sellers are listing them. There are currently 11,726 residential homes for sale in the United States.
Location
Data
Sep 2023
Growth
% YoY
Arkansas
11,726
+8.1%
Arkansas Housing Demand
How competitive is the market?
Based on Redfin calculations of home data from MLS and/or public records.
What does this mean?
Homes that sold above list price likely received multiple offers. A high or growing percentage of homes selling above list price indicates that the housing market is competitive and bidding wars are becoming more common. A low or shrinking percentage of homes selling above list price suggests that the market is becoming less competitive.
Location
Data
Sep 2023
Growth
% YoY
Arkansas
19.3%
-5.6 pt
Top 10 Most Competitive Cities in Arkansas
U.S. Migration Trends
Where are people moving to and from?
Nationwide, 26% of homebuyers searched to move to a different metro area between Jul '23 - Sep '23. The top 5 states homebuyers searched to move to were Florida, North Carolina, Tennessee, South Carolina, and Texas while California, New York, Massachusetts, Illinois, and District Of Columbia were the top 5 states homebuyers searched to move from.
Of all the major U.S. metros, Sacramento was the most searched for destination among homebuyers looking to relocate between Jul '23 - Sep '23. Next came Las Vegas, Orlando, Myrtle Beach, and Sarasota. San Francisco was the most searched for destination among homebuyers looking to leave, followed by New York, Los Angeles, Washington and Louisville.
Moving to
Moving from
Data Unavailable
Top 10 areas people are moving to
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Jul '23 - Sep '23 | ||
| 1 | 4,800 | ||
| 2 | 4,500 | ||
| 3 | 4,000 | ||
| 4 | 3,800 | ||
| 5 | 3,700 | ||
| 6 | 3,500 | ||
| 7 | 3,400 | ||
| 8 | 3,300 | ||
| 9 | 3,200 | ||
| 10 | 3,100 | ||
| Outbound | Net outflow | ||
| Metros | Jul '23 - Sep '23 | ||
| 1 | 25,800 | ||
| 2 | 25,300 | ||
| 3 | 20,200 | ||
| 4 | 13,900 | ||
| 5 | 5,400 | ||
| 6 | 4,800 | ||
| 7 | 4,300 | ||
| 8 | 3,300 | ||
| 9 | 2,200 | ||
| 10 | 2,000 | ||
Joseph Lucero
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Northwest Arkansas Board of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be
