AR · Metro #81

Little Rock - AR housing market

The Little Rock metro has a typical home value of $227,259, up 3.3% from a year ago. Homes are sitting 42 days on average - buyers have negotiating room. 21% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$227,259
+3.3% vs. year ago
Median sale price
$238,530
+7.7% YoY
Median list price
$267,500
Sale-to-list ratio
96.9%
Selling below ask
Days on market
42d
Listings w/ price cut
20.7%
New listings / mo
990
+7.6% YoY
Homes for sale
3,773
+11.6% YoY
Typical rent
$1,232/mo
+1.5% YoY
Context

How to read this data

The typical home value ($227,259) is the Zillow Home Value Index for the Little Rock - 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 3.3% over the past year. In Little Rock - AR, that means a home worth $219,999 last year is now worth roughly $227,259.

The median sale price , what homes actually close for , is $238,530. Homes are selling at 96.9% of list price, meaning buyers have room to negotiate.

Homes listed in Little Rock - AR sit on the market for roughly 42 days before going pending. Shorter = seller's market; longer = buyer's market.

About 20.7% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 990 new listings hit the market each month in Little Rock - AR. There are currently 3,773 homes for sale, up 11.6% from a year ago.

The typical monthly rent in Little Rock - AR is $1,232, up 1.5% year over year. For investors, the price-to-rent ratio here is roughly 15x annual rent.

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.

Related

Other metros in AR

MetroHome value1-yr changeDays on market
Fayetteville - AR$366,485 +3.1% 28.0d
Fort Smith - AR$203,534 +4.3% 49.0d
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