Prairie Township Housing Market Report February 2025•Washington County, Arkansas

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Housing Prices in Prairie Township, AR

How much do homes in Prairie Township, AR cost?

Housing Market Conditions

Is Prairie 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 Township is a Seller's Market

Difference Since February 2024

At the same time last year, Prairie Township was a Neutral Market.

Insight

Prairie 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.
$790,000$230/SqFt
+$141,000
+21.7%

Based on all homes sold in the last 12 months

Insight

Homes in Prairie Township have sold for 21.7% more than they did a year ago.

Summary: The median home sold price in Prairie Township was $790,000 in February 2025, up 21.7% from last year, and the median price per square foot was $230.

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 Township
+21.7%
Johnson Township
+14.7%
Fayetteville
+2.9%
Fayetteville Township
+2.8%

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.
BedsFeb 2024Feb 2025Change YoY
1--
N/A
2$263.5K$373.5K
+41.7%
3$376.9K$550K
+45.9%
4$680K$820.2K
+20.6%
5$880K$900K
+2.3%

Summary: Prairie Township housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +41.7%. The home price for 3 bedroom homes increased by +45.9%. The home price for 4 bedroom homes increased by +20.6%. The home price for 5 bedroom homes increased by +2.3%.

Housing supply in Prairie Township, AR

How many homes are available in Prairie 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
9Last MonthFeb 2025
152 months agoJan 2025
-40.0 %
Change MoMJan – Feb

Summary: The Prairie Township real estate market had 9 homes for sale in Feb 2025, a 40.0 % decrease compared to Jan 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
2Last MonthFeb 2025
52 months agoJan 2025
-60.0 %
Change MoMJan – Feb

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.
BedsJan 2025Feb 2025Change MoM
100
0.0%
200
0.0%
331
-66.7%
433
0.0%
595
-44.4%

Summary: Prairie Township housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -66.7%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes decreased by -44.4%.

Asking Price vs. Sold Price

How much do homes in Prairie 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 Price0 Home

At Asking Price0 Home

Under Asking Price2 Homes

Insight

If you're buying a home in Prairie Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Prairie Township in February 2025, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for Prairie Township, AR

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

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days1 Home

Over 90 Days1 Home

Insight

Avg time on Rocket Homes in Prairie Township has remained consistent over time.

Summary: During February 2025, 2 homes were sold in Prairie Township; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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
100 DaysThis YearFeb 2025
97 Days1 year agoFeb 2024
+2.4 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Prairie Township had an average listing age of 100 days in Feb 2025, up by 2.4% compared to the previous year.

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Newest Listings in Prairie Township, AR

What homes are available in Prairie Township, AR?

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MLS Disclaimers and Copyright

Based on information from Northwest Arkansas Board of Realtors MLS / Arkansas Regional MLS LLC, and Western River Valley Board of REALTORS® MLS for the period 03/01/2023 - 03/01/2025

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: 3/9/2025, 8:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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: 3/9/2025, 8:16:00 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.