Prairie Grove Township Housing Market Report May 2025•Washington County, Arkansas

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Housing Prices in Prairie Grove Township, AR

How much do homes in Prairie Grove Township, AR cost?

Housing Market Conditions

Is Prairie Grove Township, 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

Prairie Grove Township is a Seller's Market

Difference Since May 2024

Since last year, Prairie Grove Township has remained a Seller's Market.

Insight

Prairie Grove Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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.
$324,975$189/SqFt
+$31,975
+10.9%

Based on all homes sold in the last 12 months

Insight

Homes in Prairie Grove Township have sold for 10.9% more than they did a year ago.

Summary: The median home sold price in Prairie Grove Township was $324,975 in May 2025, up 10.9% from last year, and the median price per square foot was $189.

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
Prairie Grove
+10.9%
Prairie Grove Township
+10.9%
Farmington Township
+8.4%
Farmington
+8.4%

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.
BedsMay 2024May 2025Change YoY
1$270K$540K
+100.0%
2$190K$230K
+21.1%
3$282K$300.6K
+6.6%
4$339.7K$349.9K
+3.0%
5$760K$459.9K
-39.5%

Summary: Prairie Grove Township housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes increased by +100.0%. The home price for 2 bedroom homes increased by +21.1%. The home price for 3 bedroom homes increased by +6.6%. The home price for 4 bedroom homes increased by +3.0%. The home price for 5 bedroom homes decreased by -39.5%.

How does Prairie Grove Township, AR compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Prairie Grove Township, AR

Housing supply in Prairie Grove Township, AR

How many homes are available in Prairie Grove Township, 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
123Last MonthMay 2025
1102 months agoApr 2025
+11.8 %
Change MoMApr – May

Summary: The Prairie Grove Township real estate market had 123 homes for sale in May 2025, a 11.8 % increase compared to Apr 2025.

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
31Last MonthMay 2025
232 months agoApr 2025
+34.8 %
Change MoMApr – May

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.
BedsApr 2025May 2025Change MoM
111
0.0%
247
+75.0%
36670
+6.1%
43640
+11.1%
535
+66.7%

Summary: Prairie Grove Township housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +75.0%. The inventory for 3 bedroom homes increased by +6.1%. The inventory for 4 bedroom homes increased by +11.1%. The inventory for 5 bedroom homes increased by +66.7%.

Asking Price vs. Sold Price

How much do homes in Prairie Grove Township, 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 Price7 Homes

At Asking Price10 Homes

Under Asking Price14 Homes

Insight

If you're buying a home in Prairie Grove Township, you may be able to get a good deal. 45.2% of homes here sold below asking price last month.

Summary: A total of 31 homes were sold or pending in Prairie Grove Township in May 2025, up by 34.8% month-over-month. Of the 31 sold homes, 45% were sold under asking, 32% were sold at asking, and and 23% were sold over asking.

Days on Market for Prairie Grove Township, AR

How long does it take to sell a home in Prairie Grove Township, AR?

Breakdown of Home Sale Times

Under 30 Days3 Homes

30 – 90 Days13 Homes

Over 90 Days15 Homes

Insight

Most homes in Prairie Grove Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During May 2025, 31 homes were sold in Prairie Grove Township; 10% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 48% 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
126 DaysThis YearMay 2025
96 Days1 year agoMay 2024
+32.1 %
Change YoYMay 2024 – May 2025

Summary: Homes in Prairie Grove Township had an average listing age of 126 days in May 2025, up by 32.1% compared to the previous year.

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Newest Listings in Prairie Grove Township, AR

What homes are available in Prairie Grove Township, AR?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from ArkansasONE MLS, for the period 06/01/2023 - 06/01/2025

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: 6/12/2025, 6:45:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.