Compared against the same period one year earlier.
Median Sale Price · Last 12 Months
Price Distribution
Price Trends
The median sale price in Prairie Grove landed at $306,000 for the period, with the average sale price running higher at $349,541.68, reflecting a mix of standard and higher-end sales. Compared to the previous period, the median sale price eased slightly by 2.9%, while median list price rose 1.7% to $319,950, suggesting sellers have been testing the market with modestly higher asking prices. Homes have generally sold close to asking, with a median sale-to-list ratio of 100%.
Inventory & Pace of Sales
Homes spent an average of 72.56 days on market, up 7.3% from the prior period, though the median time of 39 days shows that a typical sale still moves at a brisker pace than the average suggests. Months of supply stood at 5.7, consistent with the market's overall classification as balanced, and active listings grew 35.3% compared to the previous period to 157 homes. Monthly figures show some swings, with August posting 64 new listings but only 13 closed sales and a jump to 112.31 average days on market, a signal worth watching in the months ahead.
Sales Activity & Supply
A total of 218 homes sold during the period against 356 new listings, for a sell-through rate of 61.2% and an absorption rate of 17.39%. Total sales volume reached $76,200,086, down 15.6% from the prior period, driven in part by the 19% decline in the number of homes sold. Pending activity of 66 homes reflects ongoing buyer interest moving through the pipeline.
Price Range & Property Type Highlights
The bulk of transactions occurred in the $150K–$300K and $300K–$450K ranges, with 98 and 93 sales respectively, while supply in those bands sits at 3.8 and 5.2 months. Homes priced from $450K upward saw far fewer sales and generally higher months of supply, including 20 months of supply in the $450K–$600K range, pointing to a slower-moving upper tier. Single-family houses dominated activity, accounting for 212 of the 218 total sales at a median price of $307,000.
New Construction
New construction made up 45.7% of listings in Prairie Grove, and the market's median year built of 2023 underscores how much of the current inventory is newly built. This concentration of new homes is a defining feature of the local market and a factor buyers and sellers alike may want to be aware of when comparing properties.
Compared against the same period one year earlier.
Median Sale Price · Last 12 Months
Prairie Grove
Prairie Grove recorded 218 sold homes against 157 active listings, with a median sale price of $306,000. The average time on market was 72.56 days, and months of supply stood at 5.7, placing the city in balanced-market territory.