Locust Grove, AR Foreclosures
How much do homes sell for in Locust Grove, AR?
The average home price is currently $169,211.
In Locust Grove, AR, how many homes are available?
There are currently 3 active home listings available in Locust Grove.
What’s the average rental cost in Locust Grove, AR?
The average rental price in Locust Grove is $898.
What is the most expensive home in Locust Grove?
The most expensive home sold in Locust Grove had a price of $2,318,546.
What is currently the cheapest priced home in Locust Grove, AR?
The cheapest home for sale in Locust Grove is priced at $13,731.
Living in Locust Grove, AR
Locust Grove, AR, is a charming and peaceful community located in a stunning natural setting that offers a variety of outdoor activities and amenities. Known for its friendly atmosphere and strong educational institutions, it is an ideal place for families and those seeking a quiet lifestyle. With easy access to nearby urban areas, residents enjoy the best of both worlds.
Current Market Conditions in Locust Grove, AR
The real estate market in Locust Grove has remained stable over the past few months, with a balanced mix of buyers and sellers. Home prices have seen a modest increase, reflecting the area's growing appeal as a tranquil place to live. The inventory of homes for sale is moderate, allowing buyers to find options that suit their needs.
In recent months, there has been an uptick in housing demand, largely due to the reversal of remote work trends and a renewed interest in rural living. This increased demand has led to quicker sales and, in some cases, competitive bidding situations. Sellers are optimistic, with many homes receiving multiple offers.
Home Value Estimator For Locust Grove, AR
There are currently 293 real estate properties
in Locust Grove, AR,
with a median automated valuation model (AVM) price
of $124,761.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Locust Grove, AR, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Locust Grove, AR,
is $169,211.00, with the most expensive house
in Locust Grove, AR, topping out
at $2,318,546.00 and the cheapest home
in Locust Grove, AR,
clocking in at $13,731.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Locust Grove, AR!
Rent Prices
In Locust Grove, AR
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Locust Grove, AR, is on
a rollercoaster ride. The
average rent price in Locust Grove, AR,
is $898.00. Indeed, when looking to rent in
Locust Grove, AR, you can expect to pay as little
as $530.00 or as much
as $1,940.00,
with the average rent median estimated to
be $850.00. The good news is that finding
an affordable and desirable property to rent in Locust Grove, AR
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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