Arkansas started 2024 with a total of 7,833 single-family homes on the market, with a median home price of $299,000 and an average price per square foot of $174.29. By the end of the year, inventory had increased to 8,923 homes on the market (+14%), with a median home price of $299,900 (+0%), and an average price per square foot of $178 (+2%).
At the start of 2024, the median days on market (DOM) was 77 days – by the end of the year, median DOM had increased to 84 days.
Arkansas started the year with 29.12% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 32.37% of homes for sale had taken a price cut.
