Fort Smith, AR
Housing market overview · Updated weekly
$210,000median sale price
Homes sold
73
Last 12 weeks
Days on market
89
Average pace
Active listings
370
5.1 months supply
Sale-to-list
96.8%
Below asking
The Fort Smith housing market is currently classified as a buyer's market with a median sale price of $210,000. Prices have fallen 4.5% compared to last year, with homes spending an average of 89 days on market, indicating 5.1 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
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Frequently asked questions
What is the average home price in Fort Smith?
The median home sale price in Fort Smith is $210,000, down 4.5% from last year.
How long do homes stay on market in Fort Smith?
Homes typically spend 89 days on market before going under contract.
Is Fort Smith a buyer's or seller's market?
With 5.1 months of supply, Fort Smith is currently a buyer's market.
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