Washington County Housing Market Report December 2024•Washington County, Arkansas

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Housing Prices in Washington County, AR

How much do homes in Washington County, AR cost?

Housing Market Conditions

Is Washington County, 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

Washington County is a Seller's Market

Difference Since December 2023

Since last year, Washington County has remained a Seller's Market.

Insight

Washington County 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.
$346,974$199/SqFt
+$12,056
+3.6%

Based on all homes sold in the last 12 months

Insight

Homes in Washington County have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in Washington County was $346,974 in December 2024, up 3.6% from last year, and the median price per square foot was $199.

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
Madison County
+18.3%
Benton County
+5.9%
Washington County
+3.6%

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 2023Dec 2024Change YoY
1$210K$209K
-0.5%
2$220K$247.5K
+12.5%
3$300.1K$309K
+2.9%
4$448K$449.7K
0.4%
5$677K$747.5K
+10.4%

Summary: Washington County housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -0.5%. The home price for 2 bedroom homes increased by +12.5%. The home price for 3 bedroom homes increased by +2.9%. The home price for 4 bedroom homes increased by 0.4%. The home price for 5 bedroom homes increased by +10.4%.

Housing supply in Washington County, AR

How many homes are available in Washington County, 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
1,083Last MonthDec 2024
1,1662 months agoNov 2024
-7.1 %
Change MoMNov – Dec

Summary: The Washington County real estate market had 1,083 homes for sale in Dec 2024, a 7.1 % decrease compared to Nov 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
270Last MonthDec 2024
2292 months agoNov 2024
+17.9 %
Change MoMNov – Dec

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.
BedsNov 2024Dec 2024Change MoM
11818
0.0%
28880
-9.1%
3606541
-10.7%
4367363
-1.1%
58781
-6.9%

Summary: Washington County housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -9.1%. The inventory for 3 bedroom homes decreased by -10.7%. The inventory for 4 bedroom homes decreased by -1.1%. The inventory for 5 bedroom homes decreased by -6.9%.

Asking Price vs. Sold Price

How much do homes in Washington County, 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 Price39 Homes

At Asking Price98 Homes

Under Asking Price133 Homes

Insight

If you're buying a home in Washington County, you may be able to get a good deal. 49.3% of homes here sold below asking price last month.

Summary: A total of 270 homes were sold or pending in Washington County in December 2024, up by 17.9% month-over-month. Of the 270 sold homes, 49% were sold under asking, 36% were sold at asking, and and 14% were sold over asking.

Days on Market for Washington County, AR

How long does it take to sell a home in Washington County, AR?

Breakdown of Home Sale Times

Under 30 Days33 Homes

30 – 90 Days145 Homes

Over 90 Days91 Homes

Insight

Avg time on Rocket Homes in Washington County has remained consistent over time.

Summary: During December 2024, 270 homes were sold in Washington County; 12% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 34% 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
84 DaysThis YearDec 2024
75 Days1 year agoDec 2023
+12.6 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Washington County had an average listing age of 84 days in Dec 2024, up by 12.6% compared to the previous year.

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Newest Listings in Washington County, AR

What homes are available in Washington County, AR?

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Nearby markets

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