Top Mega Teams in Arkansas – Ranked by Sides

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    • Rank – State SidesTeam NameCompanyLocationSidesProfile
    1Limbird TeamLimbird Real Estate GroupRogers, AR 547.0View Profile

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    2022 Market Summary

    Arkansas started 2022 with a total of 4,098 single-family homes on the market, with a median home price of $239,000 and an average price per square foot of $147. By the end of the year, inventory had increased to 6,353 homes on the market (+55%), with a median home price of $283,000 (+18%) and an average price per square foot of $164 (+11%).

    At the start of 2022, the median days on market (DOM) was 56 days – by the end of the year, median DOM had increased to 70 days.

    Arkansas started the year with 20% 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 31% of Arkansas homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that Arkansas started 2022 as a strong seller’s market, with an MAI score of 50; by the end of the year, the MAI had dropped to 34 – a balanced buyer and seller’s market.

    This market summary is powered by Altos Research – click here to run a free report for your area.

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