Comprehensive market data and analysis
18.8 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M | ||
|---|---|---|---|---|---|---|
| No acreage data available for Bassett, Arkansas | ||||||
The median price for land in the Arkansas area is currently $19K per acre. For a typical parcel, the median sale price is $48K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $7K while premium lots reached $293K.
the Arkansas area is currently a strong buyer's market with 18.8 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 8.3% year-over-year.
the Arkansas area currently has 18.8 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
There are currently 9,886 active listings in the Arkansas area. 3,037 new listings have hit the market in the last 90 days. The median asking price is $65K.
Land in the Arkansas area averages $73K per acre. The median price per acre is $19K, which may be more representative of typical transactions. Most parcels sold are around 2.0 acres.
The current absorption rate in the Arkansas area is 5.3% (3-month basis), indicating slow demand. With depreciating values (-8.3% YoY), buyers may find value opportunities. The top-performing broker in this market is Exp Realty.
The 3-month absorption rate in the Arkansas area is 5.3%. The 12-month rate is 5.6%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
