Arkansas real estate trends (May 2022)
How is the real estate market in Arkansas?
🏠 Average home value: $187,071
📈 0.72% home value increase month over month
💰 Median sale price: $254,300
⏳ 50 days on the market
🔑 Homes on the market: 7,457
📆 1.8 months of housing inventory
🏦 30-year mortgage rate: 5.57000%
💵 Average income: 49475
State of the market: B
Arkansas maintains a slim housing inventory but still keeps an active real estate market. But with prices declining steadily, its market looks to be cooling down.
*Data last updated May 2022
Arkansas officially became a state when the Louisiana Purchase joined its rivers, mountains, and plains with the rapidly expanding United States.
Today, residents and visitors alike enjoy the Natural State's plentiful outdoor activities — from fishing and hiking to the geothermal wonder of Hot Springs National Park. For those who prefer a more urban setting, Arkansas' biggest cities include Little Rock, Fort Smith, and Fayetteville.
If you're thinking of buying or selling in Arkansas, these Arkansas housing predictions and stats can help you make an informed decision.
Want to save money when you buy or sell your home? With Clever, you'll only pay 1% or $3K in listing fees. Eligible buyers get 0.5% cash back after closing. Find out how much you can save with Clever today!
Selling a home in Arkansas
Arkansas real estate market forecast for sellers
⏰ Homes are selling 5 days slower than the annual average
💰 Homes are selling for $28,070 more than the annual average
💸 Average listing commission: 2.72%
💸 Average buyer's commission: 2.72%
How to sell a home in Arkansas
- The Best Low Commission Real Estate Brokers
- Top Real Estate Agents in Arkansas (June 2021 Rankings)
- 8 Steps to Selling a House in Arkansas
- How to Sell a House By Owner in Arkansas (2021 Update)
- 5 Best Arkansas Flat-Fee MLS Companies in 2021
- We Buy Houses for Cash Companies in Arkansas (2021 Rankings)
Cost to sell a home in Arkansas
- What's The Average Arkansas Real Estate Commission In 2021?
- The Ultimate Guide to Arkansas Real Estate Taxes
Buying a home in Arkansas
How much home you can buy with $300,000 in...
🏠 Little Rock: 2,128 sq ft
🏡 Fort Smith: 2,344 sq ft
🏡 Fayetteville: 1,538 sq ft
🏠 Jonesboro: 2,290 sq ft
- How to Save with a Home Buyer Rebate
- The 8 Definitive Steps to Buying a House in Arkansas
- The Best Time to Buy a House in Arkansas
- Everything You Need to Know About Moving to Arkansas
Investing in Arkansas real estate
- Top 5 Best Real Estate Investment Markets in Arkansas
- The Ultimate Guide to Flipping Houses in Arkansas
- A Beginner's Guide to Buying an Apartment Building
Best of Arkansas
Each month, we compare locations in Arkansas based on different criteria. This month, we're looking at levels of happiness and ranking the best counties in the state.
Happiest Counties in Arkansas
1. Benton County
2. Newton County
3. Montgomery County
4. Saline County
5. Yell County
Worst of Arkansas
Each month, we compare locations in Arkansas based on a different criteria. This month we're looking at levels of happiness data. These are the counties that ranked the worst in the state.
Least Happy Counties in Arkansas
1. Chicot County
2. Lee County
3. St. Francis County
4. Phillips County
5. Jackson County
- Arkansas Real Estate Commission
- Arkansas's real estate license verification
- Arkansas's real estate agent code of conduct
- Arkansas's disclosure forms
- Transfer taxes in Arkansas
- Home buying assistance programs in Arkansas
Frequently asked questions about Arkansas real estate
It is currently a seller’s market in Arkansas with average sale prices being much higher than estimated home values. Despite that, the demand is still high and buyers are making quick offers on properties. While that may be the overall trend, each town and city is different — which is why it’s best to consult with a top real estate agent to fully understand the state of your local market.
Yes, Arkansas is a good state to invest real estate in, especially in bigger cities like Little Rock and Fort Smith, where the demand for housing is always high. However, to truly maximize your investment, you must first know how to plan your finances, find the right properties, and manage the property after you buy. Read through our guide on real estate investing to learn more.
It might not be the best time to buy a house in Arkansas. Not only are listing prices much higher than normal, but mortgage rates are also rising. If you’re looking for housing in the state, then it’s best to work with a top real estate agent to help you find a good home that’s within your budget.
Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, Bankrate, the U.S. Census, and Clever surveys. Our team of over 20 real estate analysts from across the country research local markets and data to compile our "Best" and "Worst" rankings.