71655 Housing Market Report January 2025•Drew County, Arkansas

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Housing Prices in 71655, AR

How much do homes in 71655, AR cost?

Housing Market Conditions

Is 71655, AR a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

71655 is a Buyer's Market

Difference Since December 2024

Last month, 71655 has remained a Buyer's Market.

Insight

71655 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$200,000$87/SqFt
+$2,000
+1.0%

Based on all homes sold in January 2025

Insight

Homes in 71655 have sold for 1% more than they did a month ago.

Summary: The median home sold price in 71655 was $200,000 in January 2025, up 1% from last month, and the median price per square foot was $87.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2024Jan 2025Change YoY
1--
N/A
3$198K-
N/A
4-$202.5K
N/A
5--
N/A
2-$118.5K
N/A

Summary: 71655 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change. The home price for 2 bedroom homes did not change.

Housing supply in 71655, AR

How many homes are available in 71655, AR?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
48Last MonthJan 2025
482 months agoDec 2024
0.0 %
Change MoMDec – Jan

Summary: The 71655 real estate market had 48 homes for sale in Jan 2025, the same as Dec 2024

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
7Last MonthJan 2025
42 months agoDec 2024
+75.0 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
100
0.0%
32523
-8.0%
41516
+6.7%
523
+50.0%
266
0.0%

Summary: 71655 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -8.0%. The inventory for 4 bedroom homes increased by +6.7%. The inventory for 5 bedroom homes increased by +50.0%. The inventory for 2 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 71655, AR cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price1 Home

Under Asking Price2 Homes

Insight

If you're buying a home in 71655, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 71655 in January 2025, up by 75.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and and 0% were sold over asking.

Days on Market for 71655, AR

We’re sorry, we don't have information for this market at the moment.

Home sale times aren’t available for this area.

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Newest Listings in 71655, AR

What homes are available in 71655, AR?

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MLS Disclaimers and Copyright

Based on information from Cooperative Arkansas REALTORS® MLS, for the period 12/01/2024 - 02/01/2025

IDXThe 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© 2025 Cooperative Arkansas Realtors MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/11/2025, 3:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.