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Featured local agent — Pea Ridge, AL
Sarah Mitchell
Compass Real Estate · Pea Ridge, AL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Pea Ridge, AL Housing Market
The last median sale price Redfin published was $149,000 (through May 2026). With 1.0 months of supply and homes going under contract in about 168 days, Pea Ridge is a balanced market. At today's 6.66% 30-year fixed rate, 20% down on a $149,000 home is about $766/mo in principal and interest.
Key numbers for Pea Ridge, AL
Median sale price
$149,000
Last published period
Redfin, through April 2026
Days on market
168
Slow-moving
Redfin, through April 2026
Active listings
1
1.0 months of supply
Redfin, through April 2026
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$57,273
Home costs 2.6x income
U.S. Census ACS, 2023
Sale-to-list ratio
67.7%
Selling below asking
Redfin, through April 2026
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Pea Ridge a buyer's or seller's market?
Pea Ridge, AL is a balanced market, based on 1.0 months of supply and homes selling in about 168 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Pea Ridge housing market data show?
Every row below is Redfin's final published month for Pea Ridge, AL. Redfin, through April 2026
| Metric | Value |
|---|---|
| Median sale price | $149,000 |
| Median list price | $399,900 |
| Median price per sq ft | $119/sq ft |
| Median days on market | 168 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 67.7% |
| Homes sold (that month) | 1 |
| New listings (that month) | 1 |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Pea Ridge is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Pea Ridge is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Pea Ridge home prices moved?
Across the 25 months we hold for Pea Ridge, AL, the median sale price rose 0.7%, from $148,000 in June 2021 to $149,000. For prices to fall meaningfully from here, supply would have to keep building past 1.0 months while the sale-to-list ratio slips below its current 67.7%. Watch those two together — they move before the median does.
Redfin, through April 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Pea Ridge?
Priced off the median sale price of $149,000 at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $29,800 | $119,200 | $766/mo |
| 5% | $7,450 | $141,550 | $910/mo |
Redfin, through April 2026 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $766, that implies roughly $32,829 a year before you add taxes and insurance. The median household in Pea Ridge earns $57,273, about $24,444 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 2.6x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Pea Ridge in the next 12 months?
Tell us your timeline. We send the Pea Ridge market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Pea Ridge?
Zillow does not publish a rent index (ZORI) for Pea Ridge, AL, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Pea Ridge?
Active listings in Pea Ridge, AL went from 1 in October 2022 to 1 in April 2026, a +0.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| February 2023 | 1 | not published |
| June 2023 | 1 | 1 |
| October 2023 | 1 | not published |
| September 2024 | 1 | 1 |
| November 2024 | 2 | not published |
| December 2024 | 1 | not published |
| March 2025 | 1 | 1 |
| August 2025 | 3 | 2 |
| September 2025 | 1 | not published |
| January 2026 | 3 | 2 |
| February 2026 | 1 | not published |
| April 2026 | 1 | 1 |
Redfin, through April 2026
How does Pea Ridge compare to Alabama and the U.S.?
Pea Ridge homes sell for $149,000 — 52% below the Alabama median of $312,600. Against the national median of $410,700, Pea Ridge runs 64% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Pea Ridge, AL | $149,000 | not published | 168 days |
| Alabama statewide | $312,600 | +7.2% | 57 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through April 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Pea Ridge
What buyers should watch
- Months of supply, currently 1.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $144 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $149,000 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Pea Ridge listing goes under contract in 168 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 67.7% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Pea Ridge added 1 new listings against 1 sales — more clearing than arriving, which is the better window to list.
- Comparable ZIP-level pricing inside Pea Ridge varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Pea Ridge
There are currently 1 homes listed for sale in Pea Ridge, Alabama. The median listing price is $400K.
Active listings
1
Homes on market
Median list price
$400K
Avg. days on market
168
Days until sale
New this week
1
Newly listed
How much do homes cost in Pea Ridge by property type?
How the Pea Ridge, AL market breaks down across single-family homes, condos and townhouses. Redfin, through April 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $149,000 | $119/sq ft | 1 | 168 days |
Who lives in Pea Ridge?
American Community Survey estimates for Pea Ridge. U.S. Census ACS, 2023
Population
808
Households
306
Median income
$57,273/yr
Median age
38.1 years
Owner-occupied
88.2%
Median home value
$93,600
Mean commute
34.4 min
88.2% of occupied homes in Pea Ridge are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near Pea Ridge, AL?
Ordered by distance from Pea Ridge, not by size. Compare Pea Ridge side by side with any of them.
Pea Ridge housing market FAQ
Is Pea Ridge a buyer's or seller's market?
Pea Ridge, AL is currently a balanced market. That read comes from 1.0 months of supply, homes going under contract in about 168 days, and sellers getting 67.7% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Pea Ridge?
The median sale price in the last month Redfin published was $149,000, about $119 per square foot.
Is Pea Ridge cheaper than the rest of Alabama?
Pea Ridge's median sale price of $149,000 is 52% lower than the Alabama statewide median of $312,600, and 64% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Pea Ridge?
Homes in Pea Ridge, AL spent a median of 168 days on market before going under contract, versus 57 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Pea Ridge?
At the current 30-year fixed rate of 6.66%, 20% down on a $149,000 home is about $766 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $32,829 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $57,273.
Are home prices rising in Pea Ridge?
We do not hold a complete 12-month value series for Pea Ridge, AL yet, so we are not going to call a direction. The price chart above shows every period we do have.
What are the cheapest ZIP codes in Pea Ridge?
Pea Ridge ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Pea Ridge?
That depends on your timeline, not on a headline. What the data says today: Pea Ridge, AL is a balanced market with 1.0 months of supply, the 30-year fixed rate is 6.66%. Properties Incorporated publishes the data; it does not give financial advice.
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One email: what homes are actually clearing at around $149,000, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.