Gravel Ridge Housing Update: Prices Ease as Inventory Grows

Gravel Ridge, AR’s housing market is entering spring on steadier footing, with softer prices and more homes available compared with a year ago.

Top takeaways

• Median sale price: $187,450, down 6.28% year over year.
• About 174 homes on the market, up 13.07% from a year ago.
• Median days on market: 68, rising 21.43% year over year.

Market snapshot

Recent data show a median home sale price of $187,450 and a median price per square foot of $122. Homes are selling at roughly 98% of list price, with final sales averaging about 2.3% below asking. The increase in days on market to 68 suggests buyers are taking more time and negotiating more actively than last winter.

Inventory has expanded to 174 homes for sale, giving buyers more options heading into the peak moving season. The market is generally described as balanced, meaning supply and demand are relatively even.

On the rental side, the median monthly rent is about $1,150, down 3.77% year over year. Roughly 40 apartments and more than 20 single-family homes are advertised for rent locally, with asking rents ranging from the mid-$400s to over $3,000 depending on size and property type.

What’s for sale

Current listings include a mix of 1960s and 1970s ranch-style homes and newer brick properties. Many three- and four-bedroom homes are priced in the mid-$170,000s to mid-$200,000s. Townhome inventory remains limited, with fewer than two dozen properties actively listed in the broader neighborhood area over the past year.

With months of supply hovering under three months in parts of the submarket, well-priced homes can still move quickly, particularly those with updates or larger lots.

Are you seeing more For Sale signs or quicker contract times in your part of the neighborhood?

Sources

https://www.realtor.com/local/market/arkansas/pulaski-county/gravel-ridge
https://www.homes.com/sherwood-ar/gravel-ridge-neighborhood/townhouses-for-sale/
https://www.apartmenthomeliving.com/gravel-ridge-ar/homes-for-rent/to-3800