Arkansas Real Estate Market in 2022: Forecasts + Trends

By Clever Real Estate Updated September 1, 2023

Arkansas real estate trends

Arkansas real estate trends (May 2022)

How is the real estate market in Arkansas?
🏠 Average home value: $199,830	📈 0.12% home value increase month over month
💰 Median sale price: $259,100	⏳ 50 days on the market
🔑 Homes on the market: 6,727	📆 1.7 months of housing inventory
🏦 30-year mortgage rate: 7.02000%	💵 Average income: #N/A
State of the market: B
Arkansas maintains a slim housing inventory but still keeps an active real estate market. But with prices declining steadily, its market looks to be cooling down.
_{Data last updated May 2022}*

Arkansas officially became a state when the Louisiana Purchase joined its rivers, mountains, and plains with the rapidly expanding United States.

Today, residents and visitors alike enjoy the Natural State's plentiful outdoor activities — from fishing and hiking to the geothermal wonder of Hot Springs National Park. For those who prefer a more urban setting, Arkansas' biggest cities include Little Rock, Fort Smith, and Fayetteville.

If you're thinking of buying or selling in Arkansas, these Arkansas housing predictions and stats can help you make an informed decision.

Want to save money when you buy or sell your home? With Clever, you'll only pay 1.5% or $3K in listing fees. Eligible buyers get cash back after closing. Find out how much you can save with Clever today!

Selling a home in Arkansas

Arkansas real estate market forecast for sellers
⏰ Homes are selling 29 days slower than the annual average	💰 Homes are selling for $33,020 more than the annual average
💸 Average listing commission: 2.72%	💸 Average buyer's commission: 2.72%

How to sell a home in Arkansas

Cost to sell a home in Arkansas

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Buying a home in Arkansas

How much home you can buy with $300,000 in...
🏠 Little Rock: 2,083 sq ft	🏡 Fort Smith: 2,344 sq ft
🏡 Fayetteville: 1,538 sq ft	🏠 Jonesboro: 2,290 sq ft

Investing in Arkansas real estate

Best of Arkansas

Each month, we compare locations in Arkansas based on different criteria. This month, we're looking at levels of happiness and ranking the best counties in the state.

Happiest Counties in Arkansas
1. Benton County
2. Newton County
3. Montgomery County
4. Saline County
5. Yell County

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Worst of Arkansas

Each month, we compare locations in Arkansas based on a different criteria. This month we're looking at levels of happiness data. These are the counties that ranked the worst in the state.

Least Happy Counties in Arkansas
1. Chicot County
2. Lee County
3. St. Francis County
4. Phillips County
5. Jackson County

Arkansas resources

👋 Next Steps: Talk to an expert!

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Frequently asked questions about Arkansas real estate

Is it a buyer's or seller's market in Arkansas?

It is currently a seller’s market in Arkansas with average sale prices being much higher than estimated home values. Despite that, the demand is still high and buyers are making quick offers on properties. While that may be the overall trend, each town and city is different — which is why it’s best to consult with a top real estate agent to fully understand the state of your local market.

Is Arkansas a good state to invest in real estate?

Yes, Arkansas is a good state to invest real estate in, especially in bigger cities like Little Rock and Fort Smith, where the demand for housing is always high. However, to truly maximize your investment, you must first know how to plan your finances, find the right properties, and manage the property after you buy. Read through our guide on real estate investing to learn more.

Is it a good time to buy a house in Arkansas?

It might not be the best time to buy a house in Arkansas. Not only are listing prices much higher than normal, but mortgage rates are also rising. If you’re looking for housing in the state, then it’s best to work with a top real estate agent to help you find a good home that’s within your budget.

Methodology

Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, Bankrate, the U.S. Census, and Clever surveys. Our team of over 20 real estate analysts from across the country research local markets and data to compile our "Best" and "Worst" rankings.

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