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Featured local agent — Prairie Grove, AR
Sarah Mitchell
Compass Real Estate · Prairie Grove, AR
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Prairie Grove, AR Housing Market & Real Estate
Housing market overview · Updated monthly ·
$292,000median sale price
How is the Prairie Grove, AR housing market right now?
The median home sale price in Prairie Grove, AR is $292,000, down 11.5% year-over-year. Homes sell in an average of 45 days with 78 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Prairie Grove a buyer's or seller's market?
Prairie Grove, AR is currently a seller's market, based on 2.5 months of supply and homes selling in about 45 days. How we determine this →
Homes sold
31
Last 12 weeks
Days on market
45
Average pace
Active listings
78
2.5 months supply
Sale-to-list
99.4%
Below asking
What does the Prairie Grove housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $292,000 |
| Median list price | $330,000 |
| Year-over-year price change | -11.5% |
| Average days on market | 45 days |
| Active inventory | 78 listings |
| Months of supply | 2.5 months |
| Sale-to-list price ratio | 99.4% |
| Median price per sq ft | $195/sq ft |
| Homes sold (latest month) | 31 |
| New listings (latest month) | 25 |
| Listings with a price cut | 42.3% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Prairie Grove by property type?
How the Prairie Grove, AR market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $292,000 | $195/sq ft | 31 | 45 days |
Source: Redfin · Updated monthly
The Prairie Grove housing market is currently classified as a seller's market with a median sale price of $292,000. Prices have fallen 11.5% compared to last year, with homes spending an average of 45 days on market, indicating 2.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.5x provides context for how home values compare to local earning capacity.
Homes for sale in Prairie Grove
There are currently 78 homes listed for sale in Prairie Grove, Arkansas. The median listing price is $330K.
Active listings
78
Homes on market
Median list price
$330K
Avg. days on market
45
Days until sale
New this week
25
Newly listed
Who lives in Prairie Grove?
Population
7,445
Median income
$58,556/yr
Median age
32 years
Owner-occupied
64.5%
College grads
20.5%
Avg commute
28.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Prairie Grove?
Zillow home value
$323,321
Zillow rent index
$1,707/mo
Price-to-rent ratio
15.8x
Price-to-income
5.5x
Source: Zillow Research
What is it like to live in Prairie Grove?
Prairie Grove is a community of approximately 7K residents with a median age of 32 years.The median household income is $58,556, which represents a working-class community with solid middle-income opportunities. 20.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 64.5%, showing a blend of owner and renter-occupied properties. The average commute time is 28.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Prairie Grove offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Prairie Grove?
4 schools tracked · 2,216 students
The largest public schools serving Prairie Grove, AR by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
PRAIRIE GROVE ELEMENTARY SCHOOL
Grades PK-3 · 801 students
PRAIRIE GROVE HIGH SCHOOL
Grades 9-12 · 595 students
PRAIRIE GROVE MIDDLE SCHOOL
Grades 4-6 · 501 students
PRAIRIE GROVE JUNIOR HIGH SCHOOL
Grades 7-8 · 319 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Prairie Grove, AR?
Want a head-to-head view? Compare Prairie Grove side-by-side with any other U.S. city using our market-comparison tool.
Is Prairie Grove a good real estate investment market?
For investors evaluating Prairie Grove, the price-to-rent ratio of 15.8x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 11.5% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Prairie Grove's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Prairie Grove's median home price.
Frequently asked questions
What is the average home price in Prairie Grove?
The median home sale price in Prairie Grove is $292,000, down 11.5% from last year.
How long do homes stay on market in Prairie Grove?
Homes typically spend 45 days on market before going under contract.
What is the median income in Prairie Grove?
The median household income is $58,556 per year.
Is Prairie Grove a buyer's or seller's market?
With 2.5 months of supply, Prairie Grove is currently a seller's market.
What is the Zillow home value estimate for Prairie Grove?
The Zillow Home Value Index (ZHVI) for Prairie Grove is $323,321, representing the typical home value in the area.
How much does a single-family home cost in Prairie Grove?
The median single-family home price in Prairie Grove, AR is $292,000 (about $195 per square foot).
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