Prairie Grove Real Estate Market Extends Weakening in Home Sales

Despite a 200.0% jump in sales numbers this week to reach three homes sold over the last 30 days, the Prairie Grove market still shows a new trend downward overall. All indications show that the trend may be coming to an end, meaning more sales over the next few weeks. The median sales price dropped to $390,000 over the latest reporting period for Prairie Grove, down from $450,000. Even after the uptick in sales, an elevated 11 months of inventory tells us that Prairie Grove is still a strong buyer's market.

Trying to find a home at a bargain price? Take a look at these affordable homes in Prairie Grove:

$134K   $142K   $155K  

Get started right now by checking out Prairie Grove homes for sale or reviewing Prairie Grove real estate trends.

Demographic facts about Prairie Grove:

  • The median value of all homes in the area is $316,300.
  • Average number of rainy days is 109 per year. (U.S. average: 100)
  • The unemployment rate for this area is 8.9%.
  • For every teacher there are 18.0 students in this area. (15.3 = national average)

Data reported through 10/19/2016


Ask a local expert about this area:
Weichert Realtors-McKee Real Estate
Snapped 1 home in this area

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