Richland Township Housing Market Report January 2025•Washington County, Arkansas

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Housing Prices in Richland Township, AR

How much do homes in Richland Township, AR cost?

Housing Market Conditions

Is Richland 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

Richland Township is a Seller's Market

Difference Since January 2024

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

Insight

Richland 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.
$453,750$192/SqFt
-$23,750
-5.0%

Based on all homes sold in the last 12 months

Insight

Homes in Richland Township have sold for 5% less than they did a year ago.

Summary: The median home sold price in Richland Township was $453,750 in January 2025, down 5% from last year, and the median price per square foot was $192.

Median Sold Price By City

Median Sold Price By City
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
Elkins
+3.6%
Elkins Township
+3.6%
Goshen Township
-1.7%
Richland Township
-5.0%

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--
N/A
2--
N/A
3$450K$448.7K
-0.3%
4$541K$662.5K
+22.5%
5--
N/A

Summary: Richland Township 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 2 bedroom homes did not change. The home price for 3 bedroom homes decreased by -0.3%. The home price for 4 bedroom homes increased by +22.5%. The home price for 5 bedroom homes did not change.

Housing supply in Richland Township, AR

How many homes are available in Richland 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
4Last MonthJan 2025
42 months agoDec 2024
0.0 %
Change MoMDec – Jan

Summary: The Richland Township real estate market had 4 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
1Last MonthJan 2025
12 months agoDec 2024
0.0 %
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
111
0.0%
211
0.0%
311
0.0%
411
0.0%
500
0.0%

Summary: Richland Township 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 2 bedroom homes remained the same. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Richland 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 Price1 Home

Insight

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

Summary: A total of 1 homes were sold or pending in Richland Township in January 2025, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for Richland Township, AR

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

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days0 Home

Over 90 Days0 Home

Insight

Many homes in Richland Township are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 1 homes were sold in Richland Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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
29 DaysThis YearJan 2025
223 Days1 year agoJan 2024
-87.0 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Richland Township had an average listing age of 29 days in Jan 2025, down by 87.0% compared to the previous year.

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Newest Listings in Richland Township, AR

What homes are available in Richland Township, AR?

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MLS Disclaimers and Copyright

Based on information from Northwest Arkansas Board of Realtors MLS / Arkansas Regional MLS LLC, for the period 02/01/2023 - 02/01/2025

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: 2/3/2025, 7:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.