Fort Smith Housing Market Report January 2025•Sebastian County, Arkansas

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Housing Prices in Fort Smith, AR

How much do homes in Fort Smith, AR cost?

Housing Market Conditions

Is Fort Smith, 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

Fort Smith is a Buyer's Market

Difference Since January 2024

At the same time last year, Fort Smith was a Seller's Market.

Insight

Fort Smith 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.
$205,541$125/SqFt
+$11,531
+5.9%

Based on all homes sold in the last 12 months

Insight

Homes in Fort Smith have sold for 5.9% more than they did a year ago.

Summary: The median home sold price in Fort Smith was $205,541 in January 2025, up 5.9% from last year, and the median price per square foot was $125.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Arkoma
+29.5%
Lon Norris Township
+14.2%
Marion Township
+10.7%
Fort Smith
+5.9%
Upper Township
+3.8%

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.
BedsJan 2024Jan 2025Change YoY
1$72.5K$77.5K
+6.9%
2$90K$106K
+17.8%
3$185.4K$191.1K
+3.1%
4$275K$310K
+12.7%
5$525K$540K
+2.9%

Summary: Fort Smith housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +6.9%. The home price for 2 bedroom homes increased by +17.8%. The home price for 3 bedroom homes increased by +3.1%. The home price for 4 bedroom homes increased by +12.7%. The home price for 5 bedroom homes increased by +2.9%.

Housing supply in Fort Smith, AR

How many homes are available in Fort Smith, 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
347Last MonthJan 2025
3532 months agoDec 2024
-1.7 %
Change MoMDec – Jan

Summary: The Fort Smith real estate market had 347 homes for sale in Jan 2025, a 1.7 % decrease compared to 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
46Last MonthJan 2025
712 months agoDec 2024
-35.2 %
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
120
-100.0%
23337
+12.1%
3183171
-6.6%
4102105
+2.9%
53334
+3.0%

Summary: Fort Smith housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -100.0%. The inventory for 2 bedroom homes increased by +12.1%. The inventory for 3 bedroom homes decreased by -6.6%. The inventory for 4 bedroom homes increased by +2.9%. The inventory for 5 bedroom homes increased by +3.0%.

Asking Price vs. Sold Price

How much do homes in Fort Smith, 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 Price3 Homes

At Asking Price10 Homes

Under Asking Price33 Homes

Insight

If you're buying a home in Fort Smith, you may be able to get a good deal. 71.7% of homes here sold below asking price last month.

Summary: A total of 46 homes were sold or pending in Fort Smith in January 2025, down by 35.2% month-over-month. Of the 46 sold homes, 72% were sold under asking, 22% were sold at asking, and and 7% were sold over asking.

Days on Market for Fort Smith, AR

How long does it take to sell a home in Fort Smith, AR?

Breakdown of Home Sale Times

Under 30 Days4 Homes

30 – 90 Days25 Homes

Over 90 Days17 Homes

Insight

Avg time on Rocket Homes in Fort Smith has remained consistent over time.

Summary: During January 2025, 46 homes were sold in Fort Smith; 9% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 37% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
91 DaysThis YearJan 2025
88 Days1 year agoJan 2024
+3.0 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Fort Smith had an average listing age of 91 days in Jan 2025, up by 3.0% compared to the previous year.

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Newest Listings in Fort Smith, AR

What homes are available in Fort Smith, AR?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from Western River Valley Board of REALTORS® MLS, Northwest Arkansas Board of Realtors MLS / Arkansas Regional MLS LLC, and Cooperative Arkansas REALTORS® MLS for the period 02/01/2023 - 02/01/2025

Copyright Western River Valley Board of REALTORS® MLS. All rights reserved. Listing information provided in part by the Western River Valley BOR MLS for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. Information is deemed reliable but not guaranteed.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/21/2025, 9:16:00 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Broker Reciprocity Disclaimer: 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 the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright © 2025 Northwest Arkansas Board of Realtors 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: 2/21/2025, 9:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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: 2/21/2025, 9:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.