The average price in the Arkansas region has had a slight decrease in recent months. There has been a deflation in the prices in this region.
The price per sq.feet in Arkansas has risen in the last 6 months. During May, the average price per sq.feet was $154. In June the price pretty much stayed the same at $154 per sq.feet. The following two months (July, August) there has been a deflation of 94 % in the price per sq.feet with regard to the previous two. In the last two months, the price has stayed the same with regard to the average value for the last 4 months going from an average price per sq.feet of $149.5 to $142.5 during September and October.
Based upon to the price in Arkansas (region), this has decreased in the last 6 months. The average price in May is $340,055. In June the price increased to $360,665. The average price for the following two months (July, August) decreased 90 % compared to the prior two. During the last two months the price has reduced 93 % compared to the previous average values going from $332,239.5 a $309,921 in September and October.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 50 % more affordable than the average price in Arkansas followed by those with 2 with an average price of $191,258. The most costly properties have 4 bedrooms. They are 25 % more expensive than the average followed by those properties with 3 bedrooms priced at $237,408.
Based on the average price per sq.feet those properties with 3 bedrooms are the cheapest ones with a price of $138 / sq.feet being $142 / sq.feet the average value within the Arkansas region. The properties with the most expensive average price are those with 1 bedroom. These are 36 % more costly than the average followed by those with 4 bedrooms with a price of $151 / sq.feet.
The graph displaying the average price according to the property type shows "Townhouse" as the cheapest one. With an average cost of $313,578 it is 50 % more affordable than the average in Arkansas. This is followed by "Land" with a price of $166,980. The dearest property type is "Apartment" and is 159 % more expensive than the average, followed by "Commercial" with a cost of $412,735.
Based on the average cost per sq.feet the cheapest property type is "Apartment with a an average cost of $112 / sq.feet, followed by "Townhouse" with a price of $113 / sq.feet. "Land" with an average price of $4,692 / sq.feet is the most costly type of property followed by "Condo" at a price of $194 / sq.feet.