AR · Metro #196

Fort Smith - AR housing market

The Fort Smith metro has a typical home value of $204,837, up 4.6% from a year ago. Homes sell in 37 days on average, a balanced market. 22% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$204,837
+4.6% vs. year ago
Median sale price
$211,626
+6.9% YoY
Median list price
$267,883
Sale-to-list ratio
97.1%
Selling below ask
Days on market
37d
Listings w/ price cut
22.4%
New listings / mo
285
-3.7% YoY
Homes for sale
1,235
+5.2% YoY
Typical rent
$1,065/mo
+4.0% YoY
Rent vs buy
16.0x
Context

How to read this data

The typical home value ($204,837) is the Zillow Home Value Index for the Fort Smith - AR metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 4.6% over the past year. In Fort Smith - AR, that means a home worth $195,829 last year is now worth roughly $204,837.

The median sale price, what homes actually close for, is $211,626. Homes are selling at 97.1% of list price, meaning buyers have room to negotiate.

Homes listed in Fort Smith - AR sit on the market for roughly 37 days before going pending. Shorter = seller's market; longer = buyer's market.

About 22.4% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 285 new listings hit the market each month in Fort Smith - AR. There are currently 1,235 homes for sale, up 5.2% from a year ago.

The typical monthly rent in Fort Smith - AR is $1,065, up 4.0% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 16.0x, toss-up (#122 of 195 metros). The mortgage on a typical home here, 20% down at today's 6.66% 30-year rate, runs about $1,053 a month in principal and interest, $12 less than renting before taxes, insurance and upkeep. The two break even at a 6.77% rate.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt September 2026. Methodology →

Related

Other metros in AR

MetroHome value1-yr changeDays on market
Little Rock - AR$231,278 +3.7% 35.0d
Fayetteville - AR$368,527 +3.0% 29.0d
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