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.

New Supply Statistics

In 2021, there were 4.69 new residential construction permits per 1,000 people in Arkansas. A greater housing supply means more opportunity and choice for buyers, as well as more affordable pricing.

Arkansas Housing Market Overview

In June 2024, home prices in Arkansas were up 6.9% compared to last year, selling for a median price. On average, the number of homes sold was down 8.5% year over year and there were 3,328 homes sold in June this year, down 3,649 homes sold in June last year.

The priciest city in Arkansas is Paragould, where the cost of living is 14% higher compared to the state average and 4% higher than in the rest of the U.S. The cheapest major city in Arkansas is Conway, with a cost of living 10% lower below the state average and 17% lower than the national average.

$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.

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.

What increases home value most? Home improvements that give you the best return on your investment include HVAC upgrades, a new garage door, stone veneer, replacing the front door, and new vinyl siding.

Do I need a real estate attorney in Arkansas? ›

Whatever the case may be, the Real Estate Commission strongly encourages buyers, sellers and real estate agents and brokers to involve a qualified Arkansas real estate attorney to assist in these matters.

$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.

Late summer and early fall may give you the best of both worlds with a combination of good selection with less competition and slightly lower prices.

Whether looking for a small hobby farm or a large-scale operation, the state's varied terrain and fertile land provide ample opportunities. Ranches in Arkansas offer numerous benefits such as tax breaks, income potential from livestock and crop production, and the opportunity to live a rural lifestyle.