Stuttgart, AR Homes For Sale - Arkansas Real Estate | BEX Realty (2024)

FAQs

Is it a good time to buy a home in Arkansas? ›

Arkansas Housing Market Conditions

The current real estate market conditions in Arkansas are becoming favorable for home buyers. Here's how: Lower Mortgage Rates: The interest rates for home loans have decreased to 7.03%, marking a decline from approximately 8% in the preceding year of 2023.

Cheaper Houses: The median home sale price in Arkansas is 210K. But you can get houses between $38K and $242K in cities like Forrest City, Camden, and Conway. Tax Benefits: Arkansas residents can benefit from taxes which are down from 4.4% to 3.9%.

The median Arkansas home price is up 9% compared to 2023, selling at an average of $256,600 according to Redfin.com. Arkansas also had some of the highest rates of incoming migration in the country in 2022, boasting a staggering 41.9% more inbound movers than outbound.

Late summer to early fall is also considered one of the best times of the year to buy a house because the competition levels cool down following the busy spring and early summer months.

The priciest city in Arkansas is Paragould, where the cost of living is 12% higher compared to the state average and 2% higher than in the rest of the U.S. The cheapest major city in Arkansas is Conway, with a cost of living 9% lower below the state average and 17% lower than the national average.

State capital gains taxes in Arkansas

In Arkansas, only 50% of long-term capital gain is taxed. Since ordinary income is taxed at 4.4%, the 50% deduction means Arkansas taxes long-term capital gains at an effective rate of 2.2%. In addition, any net capital gain over $10 million is exempt from state tax.

Consider FSBO (For Sale By Owner): Look for Arkansas Homes For Sale By Owner listings to bypass Realtor commissions and negotiate directly with sellers.

What is the interest rate for buying a home in Arkansas? ›

$210,371. The average Arkansas home value is $210,371, up 2.9% over the past year and goes to pending in around 28 days.

Winter is usually the cheapest time of year to purchase a home. Sellers are often motivated, which automatically translates into an advantage to you. Most people suspend their listings from around Thanksgiving to the New Year because they assume buyers are scarce.